[1967Clone]

Originally Posted by PonchoV8

Ammo is good. But they say cash is king in down times. Food, shelter and clothing are the first needs. Ammo is part of the defense that guarantees keeping those needs. After that is needed the ability to procure more supplies. That's where I am. I'm assuming the dollar is near worthless at this point. I don't want to exchange ammo for supplies. I need legal tender. I don't want to end up with confederate money. I'm not trying to play the markets to trade currencies for a profit. I'm sheltering IOWs. I could buy gold and put it in a safety deposit box I suppose.

I was being a little sarcastic, go figure, I am me

Ammo will be king IF the SHTF.

[mrrat1]

I think gold is a good thing to have around. When the paper money is useless there will have to be something of value, gold, silver, flour, water, beer/alcohol, gasoline, propane, firearms, & ammo, just like the old times!! I'm stocking up on gold, among other things. Mad Max times are around the corner for sure. Dave K.

[PonchoV8]

During the Great Depression, the gov disallowed the ownership of gold. Safe Deposit boxes aren't safe.

It was in April 1933 and in his first ''official'' act in office; President Roosevelt declared a banking ''holiday'' and issued the order to confiscate gold. Executive order: By virtue of the authority vested in me by Section 5(B) of The Act of Oct. 6, 1917, as amended by section 2 of the Act of March 9, 1933, in which Congress declared that a serious emergency exists, I as President, do declare that the national emergency still exists; That the continued private hoarding of gold and silver by subjects of the United States poses a grave threat to the peace, equal justice, and well-being of the United States; and that appropriate measures must be taken immediately to protect the interests of our people. ''Therefore, pursuant to the above authority, I hereby proclaim that such gold and silver holdings are prohibited, and that all such coin, bullion or other possessions of gold and silver be tendered within fourteen days to agents of the Government of the United States for compensation at the official price, in the legal tender of the Government. All safe deposit boxes in banks or financial institutions have been sealed, pending action in the due course of the law. All sales or purchases or movements of such gold and silver within the borders of the United States and its territories, and all foreign exchange transactions or movements of such metals across the border are hereby prohibited. ''Your possession of these proscribed metals and/or your maintenance of a safedeposit box to store them is known to the government from bank and insurance records. Therefore, be advised that your vault box must remain sealed, and may only be opened in the presence of an agent of the Internal Revenue Service. ''By lawful Order given this day, the President of the United States.''

[1967Clone]

Originally Posted by PonchoV8

During the Great Depression, the gov disallowed the ownership of gold. Safe Deposit boxes aren't safe.

That's why you should bury your valuables, safely of course.