>>60938450
>In a true crisis silver and gold become worthless
Lifeboat ethics is a flawed model, which is why EVERY stacker should have beans and bullets alongside their bullion.
Lifeboat ethics by definition are only relevant during a short term life threatening crisis. This is not the case for most of our existence otherwise we would be extinct.
Imagine you're on a lifeboat with three other people. Each one of you has a gallon of drinking water and some lifeboat food. One of the people on the boat has 4 ounces of gold. You may not get rescued for seven days. You will die of thirst without water in 3 days.
Would you sell your gallon of water for 4 ounces of gold? I wouldn't.
Once things begin to normalize, people begin to engage in TRADE. Gold and silver have been universal trade goods for THOUSANDS of years. Most trade will be commodities barter. People with some gold or silver will be able to buy a homestead, buy more land, buy machinery, or loan it to a neighbor who can be trusted. (((for a small fee perhaps))))
