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Peakoil.com :: View topic - Your Single Best Post-Doom Currency/Store of Value
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Your Single Best Post-Doom Currency/Store of Value
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BigTex
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PostPosted: Sun Feb 03, 2008 4:24 pm    Post subject: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

You can only pick one item to use as money in a post-doom world. What would it be? Think about it. It has to have a long shelf life, be certain to be in demand, have obvious and recognizable value, be light enough to carry around, be useful to you if you don't use it as money, and have re-sale value if the world doesn't end.

Here is my item: .223 ammunition.

What's yours?
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Revi
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PostPosted: Sun Feb 03, 2008 4:45 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

I still like silver coins. They have been a currency since the beginning of civilization. They worked during the middle ages, so they'll work as a medium of exchange whatever happens.

Pre-1964 US coins are still around and have a certain value that is recognized.

I think it will be the trading unit of the 21st century.

We found a silver coin by the river and it turned out to be a Spanish Real. They were used because nobody trusted the paper money issued in the early 1800's. The US wasn't minting much silver until the Civil War, so the accepted unit of exchange was the real, minted in Mexico.

The person who lost it back in the 1820's probably was going to pay for their lunch with it.

A pre 1964 half dollar is worth $6 now. That would buy you a nice lunch at subway now.
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Pops
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PostPosted: Sun Feb 03, 2008 4:49 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

I’m gonna say practical knowledge and the skills to deploy with bailing wire your knowledge of how things work.

If that counts for 2 then I’d say the ability to implement a big (or especially a small) idea is key.

There are lots of specialists around...
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Tyler_JC
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PostPosted: Sun Feb 03, 2008 5:21 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

A university degree in engineering, medicine, nursing, etc.
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seahorse
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PostPosted: Sun Feb 03, 2008 5:36 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

The question was what would be used for money.
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BigTex
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PostPosted: Sun Feb 03, 2008 5:41 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

seahorse wrote:
The question was what would be used for money.


I guess if they are saying they would use a skill to trade for other products or services that could be money.

But I was thinking the same as you--something you could hold in your hand or put in the back of a camouflage painted pickup.
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Pops
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PostPosted: Sun Feb 03, 2008 5:55 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

BigTex wrote:
But I was thinking the same as you--something you could hold in your hand or put in the back of a camouflage painted pickup.


Naw I got nothing to run away with except a pack or two in the most extreme situation because I am planning on becoming valuable to my neighbors and not become a refuge.

The deal is what to do when your pack runs dry or nobody gives a rip about what you have to sell because it has no value except in the extinct markets.

Yea, you might find someone banking on the old cycles to deal with you - and certainly at a big discount from today’s value - but then what?
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PostPosted: Sun Feb 03, 2008 5:59 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

There are many possible commodities that are traded as money in a broken economy, PM's, food, fire-making stuff, and ammo. I'd say 22LR might be as good a candidate as .223, maybe better because of a wider market. But I'd choose to go with Revi, for pre-1964 US silver coins, as the best of all.
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NiKfUrY69
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PostPosted: Sun Feb 03, 2008 5:59 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

Food - everybody needs it.

If you're trading ammo, please have .22/12 ga./.30-06 please.

Thanks - NiK
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PostPosted: Sun Feb 03, 2008 6:00 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

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BigTex
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PostPosted: Sun Feb 03, 2008 6:01 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

Pops wrote:
BigTex wrote:
But I was thinking the same as you--something you could hold in your hand or put in the back of a camouflage painted pickup.


Naw I got nothing to run away with except a pack or two in the most extreme situation because I am planning on becoming valuable to my neighbors and not become a refuge.

The deal is what to do when your pack runs dry or nobody gives a rip about what you have to sell because it has no value except in the extinct markets.

Yea, you might find someone banking on the old cycles to deal with you - and certainly at a big discount from today’s value - but then what?


Pops, no doubt this is a doomer board game kind of thing, but it's an interesting exercise to think about what one thing you think would be most useful.

Although I think that .223 ammo would be an excellent TSHTF currency, AAA and AA batteries would probaby be very good.
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BigTex
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PostPosted: Sun Feb 03, 2008 6:14 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

NiKfUrY69 wrote:
Food - everybody needs it.

If you're trading ammo, please have .22/12 ga./.30-06 please.

Thanks - NiK


The thing that makes me choose .223 over 12 gauge and .30-06 is that the .223 rounds are so much smaller and lighter.

.22 LR are obviously great, but I would say a .223 round is probably twice the size of a .22 LR round and should be worth more than twice as much as one .22 LR round.
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SpringCreekFarm
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PostPosted: Sun Feb 03, 2008 6:53 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

BigTex wrote:
NiKfUrY69 wrote:
Food - everybody needs it.

If you're trading ammo, please have .22/12 ga./.30-06 please.

Thanks - NiK


The thing that makes me choose .223 over 12 gauge and .30-06 is that the .223 rounds are so much smaller and lighter.

.22 LR are obviously great, but I would say a .223 round is probably twice the size of a .22 LR round and should be worth more than twice as much as one .22 LR round.


Except that there are more .22LR rifles in circulation than the .223. That means a wider market and therefore more demand. More demand = more options / value.
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fiedag
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PostPosted: Sun Feb 03, 2008 7:04 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

I can't believe how selfish you survivalists are! Every man for himself seems to be your creed. People like you will be the first to fall through the cracks. It's obvious to me that the best currency in the hard times ahead will be friendships and connections.

If you are useful to others, well-liked and trusted, you are most likely to survive. Be helpful, be useful. Don't run from the world. choose your friends, and take your chances.
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PostPosted: Sun Feb 03, 2008 7:17 pm    Post subject: Re: Your Single Best Post-Doom Currency/Store of Value Add User to Ignore List Reply with quote

fiedag wrote:
I can't believe how selfish you survivalists are! Every man for himself seems to be your creed. People like you will be the first to fall through the cracks. It's obvious to me that the best currency in the hard times ahead will be friendships and connections.

If you are useful to others, well-liked and trusted, you are most likely to survive. Be helpful, be useful. Don't run from the world. choose your friends, and take your chances.



Bah, Humbug!
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