Quote:
Originally Posted by 58pinson
As far as how would precious metals be used to acquire anything if a paper currency fails (and lets not restrict ourselves to the US $ here) the concept is that before central governments thought up the idea of paper currency precious metals (and other commodities) have been recognized as a "store of value" throughout history, and around the world. Look to Weimar Germany with it's astronomical inflation rate in the post WW1 era, when entire city blocks changed hands for a few pieces of gold. I would never try to cheerlead anyone into doing something with their resources that they are not inclined to do, but the idea that gold/silver/etc are "worthless" is belied by several thousand years of human history. They have always carried value.
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Very true. If you research history, it's amazing what just a little gold purchased in time of need.