Will gold save us in a "Venezuela scenario"?

Discussion in 'Markets & Economies' started by TreasureHunter, Apr 19, 2017.

  1. alor

    alor Well-Known Member Silver Stacker

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    air ticket out of the country will really help a lot, start all over with some ounces of gold
     
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  2. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    Im in Thailand atm and some things are cheaper but if you want the company of a lady from a gogo bar it will cost a similar amount to the similar services back home.
     
  3. willrocks

    willrocks Well-Known Member Silver Stacker

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    Yes. Provided you can flee the country, or wait out the unrest.

    In Venezuela people are now being killed for their mobile phones. Given that, I don't like the chances of not being robbed/killed for PMs sold privately.
     
  4. Jislizard

    Jislizard Well-Known Member Silver Stacker

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  5. TreasureHunter

    TreasureHunter Well-Known Member

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    This is really worrying to see!

    Murder rates in Europe have soared since the mass-illegal migration crisis.

    And in Greece, suicide rates have skyrocketed following the Greek economic crisis:
    http://www.bbc.com/news/world-europe-33507802

    [​IMG]
    It's worrying...

    By the way, the population of Greece has also shrinked. I wouldn't be surprised if that happened to Venezuela as well.

    Birth rates would probably decrease during severe crisis, while death rates increase. Oh, and many people leave the affected countries. Especially the young are inclined to leave, I suppose...
     
    Last edited: Apr 29, 2017
  6. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    OECD Data from 2011 so you can see like for like across multiple countries


    OECD2011.png
     
    Last edited: Apr 29, 2017
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    My post was about how much suicide rates have increased in Greece BECAUSE OF THE ECONOMIC CRISIS.

    That happened in the US during the "Great Recession" as well.

    Your post just shows a number of countries by overall suicide rate. And that can be due to a mix of factors, not economic issues (not necessarily): social-cultural factors, alcohol consumption etc.

    It's not the overall rates that are interesting by country... Take a look at any particular country during severe social-economic crisis. Take Greece, take Venezuela... or, even Japan (!):

    http://www.telegraph.co.uk/news/wor...s-Suicide-rate-in-Japan-expected-to-soar.html

    https://www.forbes.com/sites/melani...d-to-economic-crisis-study-says/#33ddaa197ae2


    Unfortunately, people tend to kill themselves more often during economic crises. And that's very sad!

    And yes, we should help Venezuela and Greece cope with their tragic situation.
     
  8. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Are you trying to say that the suicide rate increase in Greece is merely due to the economic crisis and not due to a mix of factors, not economic issues (not necessarily), social-cultural factors, alcohol consumption etc.?
    Based on what? Certainly not facts.

    The graph was posted to bring you back to reality..a 25% increase is just over 1 person per 100,000.
    More would have died in car accidents and work place incidents....should we go fix their roads and oh&s too?

    Greece have had 2 bailouts already? what makes you think yet another will improve anything?
     
    Last edited: May 1, 2017
  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    [QUOTE="TreasureHunter" , we should help Venezuela and Greece cope with their tragic situation.[/QUOTE]

    How?
     
  10. TreasureHunter

    TreasureHunter Well-Known Member

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    How?[/QUOTE]

    ^
    The "powerful and prosperous free West" should help them with food supplies, medicine...

    Somehow no-one seems to care about Venezuela. Reminds me of Zimbabwe...

    But besides food and medicine, bare necessities, there's really not much to do about their economy. Perhaps they should adopt the euro or the dollar. That would kind-of save them and strengthen either the eurozone of the petrodollar system (such a paradox!).

    Needless to say that they're so deep down the pit with the 500 % inflation, terribly low salaries and lack of goods that there's really not much to do with their economy.
    It's worrying to think that if this happened to the US/Europe/Australia, then no-one could get those countries out of the mess.

    Look at Greece (small country, though... almost a decade in crisis!)... the bigger countries could faller deeper, I reckon.

    Then it could last a generation to get out of the pit. Who knows how long that could last.

    New dark age?
     
  11. Gullintanni

    Gullintanni Well-Known Member

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    I can not see gold or silver helping in this situation UNLESS you are leaving the country.
    If your goal is to stay and ride things out i can not imagine how PM's would be of any help in saving you in this SHTF situation.
     
  12. TreasureHunter

    TreasureHunter Well-Known Member

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    It's odd to read so many negative comments, since many people here on the forum claim to be PM stackers for the sake of finding a "safe haven" in PM's against currency devaluation, economic crisis.

    It seems like many forum members are merely stacking out of "obsession", not necessarily because PM's are safe havens during economic crises.
     
  13. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    ^
    The "powerful and prosperous free West" should help them with food supplies, medicine...

    Somehow no-one seems to care about Venezuela. Reminds me of Zimbabwe...

    But besides food and medicine, bare necessities, there's really not much to do about their economy. Perhaps they should adopt the euro or the dollar. That would kind-of save them and strengthen either the eurozone of the petrodollar system (such a paradox!).

    Needless to say that they're so deep down the pit with the 500 % inflation, terribly low salaries and lack of goods that there's really not much to do with their economy.
    It's worrying to think that if this happened to the US/Europe/Australia, then no-one could get those countries out of the mess.

    Look at Greece (small country, though... almost a decade in crisis!)... the bigger countries could faller deeper, I reckon.

    Then it could last a generation to get out of the pit. Who knows how long that could last.

    New dark age?[/QUOTE]


    There are many people in Venezuela who ARE very happy with the government though.
    Why do you want western powers to take away their rights.
     
  14. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    I never said I wanted the West to "take away their rights", I want the West to send them HELP: food, medicine. At least for children, families.

    They can live in the democratically-elected regime of their choice (although many want the government down now), but they need help.

    What's so hard about sending them some food and medicine?
     
  15. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    It's not hard, it just doesn't fix anything and in my opinion it enables the government to stay in power and continue it's corrupt and irresponsible economic practices.

    In short - sending aid would indirectly PROLONG the peoples suffering.

    If it were up to me I'd say the UN should be pressuring the government to step down to quell the unrest, facilitate peaceful elections and then once a competent government is elected THEN send aid and help the new government to make a go of it.

    At the end of the day if the people are too stupid that they keep voting for corrupt socialists who are going to continually run the country into the ground then they don't deserve help. We aren't running a charity for idiots here. There are plenty more impoverished countries in genuine need of aid that would be more worthy of it.
     
  16. alor

    alor Well-Known Member Silver Stacker

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    are they under any sanction?
    Syria is under US sanction, so the help is majority from Russia
    help is never free, most of them are self interest motivated
     
  17. alor

    alor Well-Known Member Silver Stacker

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    they are on Maduro diet, so there is no obese people anymore
     
  18. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    That's exactly what a lot of the Vietnamese fleeing after the Fall of Saigon had to do.

    http://www.rarecoincollector.com/1955-1975-GOLD-VIETNAM-ORIGINAL-KIM-THANH-BARS-AND-WRAPPER/
    http://www.usagold.com/gold/coins/kim-thanh.html

    Some had these Kim Thanh gold sheets sewn into their undergarments before they embarked on the boats.

    Unlike paper currency, they didn't get ruined if the wearer were to hit the water (by accidental or mischief). If sewn-in paper currency got wet and you leave it in cloth, it'd probably get moldy and disintegrate. Doubt anyone had access to ziploc bags, seeing as those were only invented in 1968.)
     
  19. willrocks

    willrocks Well-Known Member Silver Stacker

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    Is that North Korea or South Korea?
     
  20. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    'Korea' refers to South Korea; as North Korea isn't a member of the OECD. (ROK = South Korea, DPRK=North Korea)

    I doubt DPRK would be collecting any statistics on suicides.
     
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