Message:

<p>[QUOTE=&quot;InfleXion, post: 1594775, member: 29012&quot;]A very well thought out and articulated post NorthKorea, and I agree with much of it, but I still disagree as I do with other posters with the assertion that nobody would accept PM&#039;s if the dollar collapses. I have beat the horse more times than I can count on why metals are the best money possible. It doesn&#039;t matter if people want to use metals or not, in the event that there is no fiat currency people will use metals because of the laws of nature. Anyone who resists these laws will simply be at a disadvantage as they try to barter with an inferior medium of exchange. </p><p><br /></p><p>Another aspect I feel you are not taking into consideration is supply constraints. No guarantee that will happen, but that will trump every other force in the market if it does. </p><p><br /></p><p>Regarding this part in particular:</p><p><br /></p><p>&nbsp;</p><p><br /></p><p>I fail to see how inflation is not a problem. Maybe you don&#039;t mind having your buying power stolen, but I do. Deflation is more dangerous to the financial system, but inflation is still a real problem. Deflation is actually good for the economy, because then savers and workers can buy more which supports business. Businesses aren&#039;t impacted one way or the other by inflation or deflation since they will adjust their prices accordingly. Deflation means more goods and services flowing. It is really only bad for financial institutions that rely on bloated assets to stay solvent, but since inflation is a necessary tool in the class war it will continue as long as the current powers are at the helm. </p><p><br /></p><p>With currencies being debased in Europe, Japan, and the US, among others, there&#039;s little realistic possibility that their fates will not be intertwined. Also, for PMs to raise in value they will have to become more volatile, and it&#039;s not the sort of situation that will stabilize at higher prices. High priced PM&#039;s mean loss of faith in fiat currency, and once embarked down that road the outcome is anything but price stability.[/QUOTE]</p><p><br /></p>

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