On Wed, 23 Jan 2008 12:54:40 -0500, hk wrote:
Vic Smith wrote:
On Wed, 23 Jan 2008 12:22:00 -0500, "Reginald P. Smithers III"
"Reggie is Here wrote:
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.
Whoa. You're saying my VISA card won't work. Even the platinum?
Oh ****.
--Vic
Gold has been highly valued for thousands of years. If there is a
general collapse, it will be something easily traded for valuable goods
and services.
What are you, a survivalist?
Hey, I'm not going to do it. You don't take my VISA, you can jump in
the lake. If things get where you're talking about, I'll team up with
the neighbors, form a tribe, build a fire and roast some marshmallows.
Won't need gold. Just marshmallows. And maybe some brats.
--Vic