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To: Justa
I don't doubt it in those extreme circumstances. Same with medicine. You can't eat or shoot gold.

I don't see where either has talked much about monetary exchange in their situations. For a long time the US dollar was the "gold standard" and could be used from Australia to Zimbabwe. What if it's worthless tomorrow?

57 posted on 09/22/2014 11:26:27 PM PDT by Eagles6 (Valley Forge Redux. If not now, when? If not here, where? If not us then who?)
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To: Eagles6

If it’s worthless than I’d prefer to have the stuff I’d need it for stored up. Even if the country declared bankruptcy and restructured debt the dollar would still be used. Now it might lose comparable value against what it formerly was but that can also be hedged with market investments. Imo in any situation where gold would be necessary for commerce the USG would first declare it illegal as tender to protect the dollar.


58 posted on 09/22/2014 11:32:53 PM PDT by Justa
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