[bert]

——The value of the fiat dollar is what is based on psychology.——

The value of the fiat currency is based on nothing. The value is derived from the public faith in the governments that issued the paper. The problems arise when the governments are corrupted and the looting becomes the primary objective. Once the money is stolen and only debt instruments remain, faith crumbles.

Chris Dodd, Barney Franks and Eliot Spitzer are the figurehead examples of the thieves. Barack Obama, Nancy Pelosi and Harry Reid are implementers of the looter policy.

There should be talk of death to the looters but alas complacent sheep are content with their chains, misery and bottled water.

[wendy1946]

I'll say it again. Gold is basically worthless and today's market for it is a classic bubble, and anybody buying it at these prices is an idiot. The only two uses there are for the stuff is for electrical connectors and jewelry; the amount of the stuff stashed at Knox alone has to be millions of times what the planet will ever need for connectors and bracelets and there are much cheaper metals to make connectors and bracelets out of.

The one other thing gold would be really good for would be waterfowl shot. Half again denser than lead, soft, and totally inert, it would be the perfect metal for killing ducks and geese with. You could kill geese all day long with 2.75" shells and #7 shot.