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<p>[QUOTE=&quot;medoraman, post: 1066943, member: 26302&quot;]We sound like two economists, agree on fact and disagree on conclusions. I guess I think of Russian or Asian defaults and what happened to their currencies and cost of living in 1998. The Thai baht went from 7 to the dollar to 40. It was survivable for Thais who only bought Thai goods, but anything that could be exported their price went up the same percentage the baht went down. Overall the standard of living went down for most people. This is the scenario I believe PM enthusiasts think about, all of the gold and silver here would hold its &quot;real&quot; value, and anyone holding them would benefit. Yes, like you said, anything innately tied to the US, (like housing), would simply decline in value, but a lot of what we have and produce would have to rise to the new world price.[/QUOTE]</p><p><br /></p>

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