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To: nascarnation

In a total market collapse, why would gold be worth anything?

Tools, fuel, food, seeds, water, guns, ammo. Those are the commodities to have.


11 posted on 06/28/2011 2:38:58 PM PDT by rokkitapps ( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
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To: rokkitapps

I have all that stuff, but gold has a track record throughout recorded history as a source of value.


13 posted on 06/28/2011 2:41:39 PM PDT by nascarnation
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To: rokkitapps
"In a total market collapse, why would gold be worth anything?"

Man has always needed some form of "standard currency" to trade with. I don't disagree that "Tools, fuel, food, seeds, water, guns, ammo." would be good for barter but there kind of hard to carry around with you all the time.

Precious metals have always been relied upon as a safe and mutual form of currency. Small amounts of silver, gold, copper, diamonds, are easy to trade with and are accepted by all. I personally think junk silver is a perfect currency for trading. Junk silver coins are pre 1964 US quarters, dimes and halve dollar coins. Right now a junk silver dime is worth over $3.00.

Yes you could got to a market and buy a chicken using a rake or perhaps a few 9mm rounds or maybe a tomato plant but it would be a lot easier to use that junk silver dime to buy a chicken. While your at the market you could use another few pieces of silver or an even smaller piece of gold to buy a rake, some ammo, and a tomato plant. Then perhaps you could go get a meal and pay with silver and perhaps leave a copper as a tip. It would sure beat buying your meal with a pint of gasoline and leaving a few nails for a tip.

21 posted on 06/28/2011 3:13:35 PM PDT by Graneros ("It is no exaggeration to say that the undecided could go one way or another.")
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To: rokkitapps

People who think like you have given us the Democrats as our “leaders.”


27 posted on 06/28/2011 3:42:20 PM PDT by Misterioso (A liberal is a communist, but too stupid to realize it.)
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