BoatBanter.com - View Single Post

Reginald P. Smithers III[_9_]

wrote:
On Tue, 22 Jan 2008 21:34:38 -0500, hk wrote:

Gold has a bit of history as a valuable item. Beads, too. Paper?
No thanks.

You should own a bag or two of silver coins if you are looking for
hard money. It is hard to make change for a Krugerrand when you are
buying groceries

While gold and silver can be a valuable hedge against inflation or a
server recession and/or depression, it would have no value if there was
a complete breakdown in government and society. Barter for real goods
and services would be the new coin. Gold only has value if people
believe it has value, the same as with our paper money.

As with most of Harry's investment and economic advice, it is based upon
half baked ideas.