Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Chinese set to back the Yuan with gold... new world reserve currency?
>
Reply to Thread
Message:
<p>[QUOTE="Revi, post: 1623029, member: 42843"]I really can't think like a typical "investor". I just don't trust that any of this stuff will be there. I like silver because there is no counterparty risk. If I sell it, or trade it, the person who gets it knows it's worth something. I also like cast iron pans and firewood, but they are bulky. </p><p><br /></p><p>The way I see it there is money to spend, and I do, and there is money for saving, which I always plunk into silver or a hard asset lately. I consider it the same thing to spend six bucks on a bag of kindling or on a pre-64 US quarter. I am going to use them both at some point in the future. Cash money, I'm not so sure of. </p><p><br /></p><p>I think this is going to be a problem, because there are going to be a lot of people thinking like me. They will lose faith in the nonsense money, and they aren't going to play the game that spins the world economy. Maybe China can get us back into the game by backing their currency with gold, but I don't think I'll trust that either. Sorry.[/QUOTE]</p><p><br /></p>
[QUOTE="Revi, post: 1623029, member: 42843"]I really can't think like a typical "investor". I just don't trust that any of this stuff will be there. I like silver because there is no counterparty risk. If I sell it, or trade it, the person who gets it knows it's worth something. I also like cast iron pans and firewood, but they are bulky. The way I see it there is money to spend, and I do, and there is money for saving, which I always plunk into silver or a hard asset lately. I consider it the same thing to spend six bucks on a bag of kindling or on a pre-64 US quarter. I am going to use them both at some point in the future. Cash money, I'm not so sure of. I think this is going to be a problem, because there are going to be a lot of people thinking like me. They will lose faith in the nonsense money, and they aren't going to play the game that spins the world economy. Maybe China can get us back into the game by backing their currency with gold, but I don't think I'll trust that either. Sorry.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Chinese set to back the Yuan with gold... new world reserve currency?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...