It's Getting Ugly: Economist Says Hoard Gold & Scotch

Andrew64

If it's going to be that bad, how about buying two years worth of tinned/dried food and a shotgun?

When I visited Bulgaria when it was still Communist, the alternative local currency was packets of Marlboro cigs!

harrup

Asheron wrote: »

[FONT=Arial, Helvetica, sans-serif]adding that items to barter with, such as a bottle of scotch, would be more valuable than actual cash, even in large quantities.[/FONT]

See Video!

Blast - just searched the house. Not a single bottle of Scotch lying about. Found plenty of tinned mackerel, though. A viable trading alternative? Surely, yes. Man cannot live on Whiskey alone, me thinks.

mewbie_2

I'm still waiting for a [STRIKE]nutter[/STRIKE] economist to come along and advise hoarding Baileys and pickled eggs. When that day comes I'm going to be so smug.

beaujolais-nouveau

Generali wrote: »

Whisky is a good store of value in bad times. If you read John Simpson he often talks about using a bottle of scotch as currency in places under siege.

I am sure that the day is not far off when a bottle of scotch will be useful currency here in the UK, more than the pound sterling anyway, and more than any "local" currency like the Lewes pound. I must look out for special deals on scotch at the supermarket - as I hate the stuff, there is no risk of my drinking my investment.

beaujolais-nouveau

Andrew64 wrote: »

If it's going to be that bad, how about buying two years worth of tinned/dried food and a shotgun?

The tinned food I can do; the shotgun might take a bit longer - I'd have to learn to shoot first and get a licence. Wouldn't a small pistol be more manageable than a shotgun? Less recoil?

In Florida, applications for concealed weapons permits are up 42 per cent.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4736387/This-financial-crisis-is-now-truly-global.html

This in a country where, I seem to remember, the gun : person ratio was already 1:1 or even 2:1

Cat695

All this guy goes on about (Asherton) is bloody gold


why would you buy gold when its so high??

vintage1977

Cat695 wrote: »

All this guy goes on about (Asherton) is bloody gold


why would you buy gold when its so high??

At least he doesn't go to great extents to hide his agenda

ad44downey

Asheron wrote: »

[FONT=Arial, Helvetica, sans-serif]"Three or four years into the future I think we could be in a hyperinflation, within the current year you're going to see much higher inflation than most people are looking at," Williams told MarketWatch.[/FONT]

I've been saying this for months now. We'll be like Zimbabwe soon enough all thanks to Gordon clown and the slashing of interest rates.

Cleaver

ad44downey wrote: »

I've been saying this for months now. We'll be like Zimbabwe soon enough all thanks to Gordon clown and the slashing of interest rates.

You have been saying that for months. And I've been responding for months that we won't actually be like Zimbabwe, will we?

Lifeisbutadream

mewbie wrote: »

I'm still waiting for a [strike]nutter[/strike] economist to come along and advise hoarding Baileys and pickled eggs. When that day comes I'm going to be so smug.

:rotfl: :rotfl: :rotfl: :rotfl: