Replies

That's been my belief for quite some time now, that if things get so bad that our currency is worthless, well, where do gold owners take their gold for redemption? And redeemed for what, exactly? More worthless dollars??

Yes, give me your bag of gold coins, and maybe, maybe, I'll trade you a can of beans and a bag of rice for it. But don't bet on it. Because I can still eat my beans and rice. Your gold.... I can't.

I'm no economics whiz, but my common sense says ... if we are that bad off, a trunkfull of gold isn't going to save anyone's day. It would be like Thurston Howell III with all his bundles of cash on the island. Bananas were a more effective bartering vehicle than Howell's Ten grand bundles.

That's been my belief for quite some time now, that if things get so bad that our currency is worthless, well, where do gold owners take their gold for redemption? And redeemed for what, exactly? More worthless dollars??

There will be an international price of gold like there has been for 6000 years through thick and thin. Go by this to make reasonable trades for the necesssities of life until things get reorganized.

Yes, give me your bag of gold coins, and maybe, maybe, I'll trade you a can of beans and a bag of rice for it.

I'll not be trading with you. In all likelihood, since you don't have any gold, you'll be the one looking for a can of beans, not I.

But don't bet on it. Because I can still eat my beans and rice. Your gold.... I can't.

How many days worth of food do you have stored at this moment? A man with $10,000 worth of gold coins (about 30 coins) has enough to eat for 5 years, not taking into account the skyrocketing gold price that will happen in the event of a U.S. dollar disaster.