David Sacks: The Banking Crisis Is Even WORSE than You Think

When I was doing medical service in Bosnia gold and silver had value. So much value that trading in it could be a life ending event. People under stress are unpredictable. A sharp knife at trading range is dangerous.

BUT its value was set by the black market Mobsters. THEY had access to the “Normal World” outside the Bosnian Civil war and wanted a high profit for their efforts. A Gold wedding ring might get you 10 days worth of antibiotics, maybe a bag of ammo.

After the smoke clears Gold and Silver will again have value. But you and I have to get past the ugliness in-between. Even then the value of a coin is agreed upon in the old school supply and demand.

If I have productive chickens and you want some it’s my choice how much value I’ll give you for your coin. Probably because I have to trade it with someone else for chicken food or milk (etc).

I have some PM, don’t get me wrong but it’s far more important to have a hand pump and decent well than an ounce of Gold. 

Maybe even like Moses you and I will not see peace and are fighting and working for our children’s future.

Destroying is easy, any purple haired freak can throw a bottle of “Mostly Peaceful” flaming gasoline at our home. That loss could be a family ending event as homelessness in chaos is dangerous. Unless you have trusted friends to take you in.

Building and protecting is hard team work. Maybe that ounce of gold price spent getting your trusted friends a well and hand pump might be a greater value to your family?

Ecclesiastes 11: 5As you do not know the path of the wind, or how the bones are formed in a mother’s womb, so you cannot understand the work of God, the Maker of all things. 6Sow your seed in the morning, and do not rest your hands in the evening, for you do not know which will succeed, whether this or that, or if both will equally prosper.

Proverbs 27: 10 NIV
Do not forsake your friend or a friend of your family, and do not go to your relative’s house when disaster strikes you— better a neighbor nearby than a relative far away.

Ecclesiastes 4: …11Again, if two lie down together, they will keep warm; but how can one keep warm alone? 12And though one may be overpowered, two can resist. Moreover, a cord of three strands is not quickly broken.

Soon enough those with a healthy family well sheltered and fed, trusted friends, skills, tools and faith will be called wealthy.