Subj : Re: Gold and Silver
To   : all
From : debian
Date : Fri Aug 05 2022 00:36:21

 k9> Personal take is in a bad situation the transition away from one payment
 k9> unit to another payment unit (in our case fiat currency to precious
 k9> metals) will have transitionary periods and will not be a simple
 k9> flip-the-switch so now people like gold & silver more than other forms
 k9> of payment,
 k9> 
 k9> My guess is consumable tangibles may play a role in any transition,
 k9> those items being foodstuffs, produce, consumable luxury items,
 k9> commodities....
 k9> 
 k9> And my guess is that what is valued will change dynamically.

Well, it is possible to melt gold and silver and create something usable out of them. That said, I would expect lead ingots to become more valuable - atleast for the purpose of casting bullets. But the banks don't care about any of that - when you have to pay your bills, the debtors won't accept anything other than the nations currency. 

I don't forsee gold or silver replacing the dollar/credit, even in a mad max situation. It seems allot of these gold and silver advocates think that these will replace the nations currency when all goes down. 

Diversifying and having different currencies isn't a bad idea, though. It may come to a point where one currency may have more buying power than another? Having a cash reserve on hand will be more helpful than having a frozen credit card. 

73, de KG7UJH
Debian

How ya gonna do it? PS/2 it!

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