Discussion in 'Economics' started by Debaser82, Nov 7, 2008.
Thanks for the answers.
No, only brass and lead.
0-4. Booze, tobacco and drugs may make for a better hedge.
As long as there are government produced and sanctioned currencies, holding gold is risky. If were ever return to a gold standard, any holders of the metal would be in trouble. However, if everything falls appart and we enter into a bartering system, those who posses gold would be, well, golden.
Don't forget that when we talk about the value of gold, we price it in fiat currency terms.
Plus, in a deflation, forget gold.
Yeah, baby! The holy trinity of survivalism: alcohol, tobacco and firearms.
Practical as well as "precious" metals..
So hide it well.
Nope in a proper disaster you need canned food and Mr Colt Phyton 8 inches
Not that many goldbugs on ET apparently.
So, some of you guys got scared enough to jump on the gold train yet?
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