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Faith in Silver . . . Misdirected?
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<p>[QUOTE="Lemme Caution, post: 2888362, member: 90575"]I am fascinated in a resignedly, almost ghoulish sort of way with the apparent popularity of the concept of possessing gold and/or silver as a hedge against the total failure of fiat currency. Having grown up in immediate post-WWII Vienna I was surrounded by and immersed in tales of the famine that swept the city during the latter part of the conflict, and the pertinent reality that I was able to glean from these stories is that all the precious metal in the world won't really be of any use when there is nothing at all left to buy. The only available "edibles" at that point in time were walnuts, acorns, berries and leaves, and those could only be procured through pure luck and industrious picking and not via financial transactions of any type, shape or form. When everything has fallen apart like that, no exceptions are accessible.[/QUOTE]</p><p><br /></p>
[QUOTE="Lemme Caution, post: 2888362, member: 90575"]I am fascinated in a resignedly, almost ghoulish sort of way with the apparent popularity of the concept of possessing gold and/or silver as a hedge against the total failure of fiat currency. Having grown up in immediate post-WWII Vienna I was surrounded by and immersed in tales of the famine that swept the city during the latter part of the conflict, and the pertinent reality that I was able to glean from these stories is that all the precious metal in the world won't really be of any use when there is nothing at all left to buy. The only available "edibles" at that point in time were walnuts, acorns, berries and leaves, and those could only be procured through pure luck and industrious picking and not via financial transactions of any type, shape or form. When everything has fallen apart like that, no exceptions are accessible.[/QUOTE]
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