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<p>[QUOTE=&quot;Vess1, post: 597316, member: 13650&quot;]A gold or silver standard couldn&#039;t possibly ever work again.&nbsp; The coins would have to be so small that it would be impractical.&nbsp; There&#039;s just not enough supply to add it in to our current coinage, with as much as they produce these days.&nbsp;&nbsp; Too many people exist now.&nbsp; &nbsp; Requires much higher mintages.</p><p><br /></p><p>&nbsp; We got bailed out from the last depression once the dollar was devalued and that backing was removed.&nbsp; Nobody at the time realized what was happening.&nbsp; But we do now.&nbsp;&nbsp; Anybody that saved metals through it came out great.&nbsp; Everyone else&#039;s money became inflated from then on.&nbsp;&nbsp; Now the added benefit to having no backing is that they can create as much &quot;phony wealth&quot; as they want out of thin air.&nbsp; &nbsp; </p><p><br /></p><p>&nbsp; But now that we&#039;ve ran into major problems, a lot of people are talking about the devaluation of the dollar, possibly to a world currency.&nbsp; It will happen out of the blue if they do it.&nbsp; Don&#039;t expect any warning.&nbsp;&nbsp; Metals will protect that wealth again.&nbsp; Their fiat currency will be devalued by whatever they decide it will take to get us out of this mess.&nbsp; I bet it&#039;s coming.</p><p>&nbsp;They don&#039;t have gold to take away this time.&nbsp; So it would just have to be a formal devaluation.</p><p><br /></p><p>&nbsp; BTW, if you were a kid in 1951, the $100 it would have taken you to buy that 1936 proof set would have been worth about $1,000 dollars to a kid today.&nbsp; If you lived back then you probably wouldn&#039;t have gotten it anyway.&nbsp; You probably wouldn&#039;t have had $5 to spend.</p><p><br /></p><p>&nbsp;&nbsp; I read a book about a local town nearby that talked about the old days.&nbsp;&nbsp; A clerk working at a gas station in the 50&#039;s made about 0.15 an hour.&nbsp;&nbsp; So a week&#039;s pay, for a clerk, more or less was about $5.&nbsp;&nbsp; Gas was 0.10 a gallon and a loaf of bread was 0.10.&nbsp;&nbsp; A candy bar was 0.10.&nbsp; That $5 bought a lot.&nbsp; &nbsp;&nbsp; $100-300 in the early 50s was a lot of money for even an adult.&nbsp; That would have been a major purchase.&nbsp;&nbsp; That probably would have covered a couple months worth of bills for an average family.&nbsp;&nbsp; </p><p>&nbsp;These days, I pay $81 a month to DirectTV.&nbsp; &nbsp; The lowest package including HD channels.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp;You could have stashed away that $10 bill in the 50&#039;s (which was *worth* soooooo much *MONEY*........<u>2 weeks pay to some people</u>!!), saved it until today and spent it today just like any other $10 bill in 2009.&nbsp; &nbsp; Only if you would have spent it back then, you could have bought and enjoyed 100 gallons of gas.&nbsp; Today, you&#039;re lucky if it buys you 4 gallons.&nbsp;&nbsp; </p><p><br /></p><p>A $10 bill is still a $10 bill.&nbsp; A legal tender, federal reserve note.&nbsp; A $10 bill will get you lunch and a handful of change now.</p><p><br /></p><p>&nbsp; Some day you might have a kid and he&#039;ll ask you why you didn&#039;t buy a 2009 gold double eagle high relief when they first came out.&nbsp; Because they were only selling them for $1,200.00.&nbsp;&nbsp; By that time they might be worth 10 grand.&nbsp;&nbsp; Based on the past, I&#039;d say the sky&#039;s the limit.</p><p><br /></p><p>&nbsp; For the most part, the values of things don&#039;t change.&nbsp; The dollars it takes to buy them does.&nbsp;&nbsp; We already know the Fed has printed trillions the past 8 years and they plan to print trillions more the next few years.&nbsp;&nbsp; A fool can figure out what&#039;s next.[/QUOTE]</p><p><br /></p>

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