To: Farage
"gold prices could go (higher) to a number that we simply cannot, at this moment, even imagine" What you aren't understanding is that with the accompanying social collapse gold will have little more utility than the lint in your pocket.
|
|
|
8 posted on
10/02/2011 4:44:59 PM PDT by
I see my hands
(Keep your sunny side up!)
To: I see my hands
If a general collapse is to occur, currencies will lose all value. Gold will used to establish credit systems. You won't be carving slivers off your double eagle to buy bread, you will be using your double eagle as collateral for credit to buy bread. Just like in the old days.
To: I see my hands
In WWII, the Japanese hoarded gold so they could afford what they needed when SHTF. When it did, there was nothing to buy.
Gold is for bridging value across an economic crash, not buying staples during it.
42 posted on
10/02/2011 6:50:27 PM PDT by
ctdonath2
($1 meals: http://abuckaplate.blogspot.com/)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson