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Will losses at Bank of America...
Vic Smith wrote:
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 No, I'm not a survivalist. I started buying Krugerrands about 15 years ago as a "hedge" and I simply buy some more from time to time. While I do expect this country to collapse into class warfare, I don't believe it will happen in my lifetime, though I think the time is getting closer as the gap between the "haves" and "have nots" widens. I'm sure my heirs will enjoy inheriting my Krugerrands and Canadian Maple Leaf gold coins. What they do with them is...up to them. I keep one of each in the house. The rest of kept...elsewhere. :-) |
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