GeneMO said: (quoted from post at 14:04:18 11/21/08) I kinda wonder about the thought process of taking thousands of dollars out of the bank in cash and storing it in the matress. If things get so bad that your FDIC insured bank account disappears, then that cash in the matress is just going to be fancy fire starting kindling. Just pretty paper.
Gold, Silver, Land, Cattle, and IH tractors, now there are some safe havens for your money.
Gene
I agree with the last 3. (You can't eat gold or silver.) With land, you can grow crops to eat/trade. You can raise the cattle into a herd to eat/trade. The tractor helps you do the other 2 more efficiently. As other posters said, money is just a way to measure YOUR labor to raise the crops/cattle. All we can really trade in this world is our labor to produce goods for our own use or for others.
Think of it this way: If the world was in chaos, what would be more valuable? Your basement full of potatoes, beef jerky and canned fruit or a gold necklace? I think then you wouldn't even THINK of trading the food for the necklace. Remember, salt used to be like gold, but it had intrinsic value as a preservative.
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