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Home » A Barter Economy – Part Three

A Barter Economy – Part Three

A Barter Economy – Part Three

Books on preparedness address various bartering scenarios by providing lists of trade goods which are expected to be in demand after a collapse. Some of this is speculation because no one knows what unique circumstances people will be facing in the future. Certain ideas, however, based on historical accounts of frequent tribulations and with careful considerations of the worst-case scenarios, may have some merit in a new Barter Economy

A Short List of tradeable goods

Some things typically listed in books include firearms and ammunition, with hand loading components like bullets, gunpowder, and primers. They also list medicine, candles, firewood, canned goods, salt, matches, dental floss, fish hooks, pocket calculators, soap, toilet paper, toothbrushes, hardware and miscellaneous tools. Kerosene, batteries, coffee, nail clippers, disposable cigarette lighters, clothing, backpacks,
Sewing needles, thread, scissors, saw blades, razors, axes, and knives might be also be included.

Scissors, axes, and knives are non-perishable products, normally considered non-consumable. This suggests there may not be a high demand for frequent resupply of these items. One may believe that there is a proliferation of these items in society already. However, these tools are essential, and there may be a strong and regular demand for them in a barter economy.

Blade edges will wear down after being sharpened over time. These blades may break. Tools may be lost. During a post-collapse era, fewer factories will be in operation, so demand will overshadow supply. It would be hard for to imagine living without basic tools like scissors, axes, and knives.

Consider how easy it can be to find a high-quality used tool or other useful items at a garage sale. They are often sold at near giveaway prices, which makes stockpiling a good idea. You can build stores of tools for the future. Even if a collapse or dark age never occurs, these supplies and tools can be traded or sold. Other people will purchase them in times of prosperity or poverty.

Important skills

Certain professional skilled and unskilled labor would have value in a barter economy, the same way they have value in a cash economy. As noted earlier certain skills will be in high demand after a collapse. Security guards, electricians, toolmakers, engineers, gunsmiths, mechanics, dentists, and doctors may become very important and find their services easy to trade in exchange for the things they need.

Gold and Silver

Collectibles and antiques are likely to become less desirable during periods when people are desperately struggling to survive. Necessities like utilitarian goods, and gold and silver coins will most likely have the most stable and accepted trade value in a barter economy.

The ultimate trading medium would be gold and silver coins. They are durable, stable, portable, and represent a standardized measured currency. Gold and silver possess their own value as precious metals, which is recognized worldwide. There is not a trade medium in existences that has historically been more reliably constant or universal as the gold coin.

Gold is attractive, shiny and basically impervious to corrosion. It’s a rare element with many industrial uses, however, it is difficult to mine. This highly malleable metal can be stretched. One ounce of gold can be formed into a mile-long wire. Gold is used in venues and artistic inlays, plated kitchenware, decorative jewelry, wired electronic circuits, to fill cavities in teeth, and for various industrial purposes. Gold can also be minted into coins. The world’s desire and the need for gold will always exceed the supply.

Silver has many desirable properties, which has been valued by civilizations for thousands of years, although it is not as precious as gold. Most likely gold and silver coins will always have some value in a barter economy .

This is a type of savings plan. Likewise, the price of gold pieces or Silver coins may be affordable when purchased in small quantities. This is an investment and can be used as a hedge against hard times. Economic chaos and hyperinflation could put gold and silver out of your reach in the future.

Secure your stuff

In a collapse, people will become desperate, so security will be an issue for anyone dealing in high-value merchandise, foods, firearms, or ammunition. It may be wise to limit trade to familiar people after developing a long business relationship, if possible.

It may be a good idea to store trade goods separately from other supplies which may be used for personal use. This will avoid giving other traders access to the entire inventory of merchandise. One should be cautious and mindful of any potential security risks. Being armed is preferable to being unarmed when dealing with people, especially those unknown to you.

The most secure way to store barter goods is by using a network of secret caches. A preparation strategy could anticipate barter store needs which could be as simple as bargain hunting at local yard sales of buying extra supplies when going routine grocery shopping. The extra supplies can be saved for bartering during bad times. It does not require much money to build a store of trade goods. Start out small and build a larger supply over a period of time.

A Barter Economy

There may come a day when having items of value to trade can mean the different between bartering for food, consumable goods, and needed supplies, and simply doing without and going hungry. In order to survive a collapse, there are certain things that are needed for survival. By stocking goods now, a person can ensure they have the things they may need for future.