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<p>[QUOTE="Clawcoins, post: 2877891, member: 77814"]So .. are we to assume then that the US Money Supply is going to implode and everyone is going to revert to PMs ?</p><p><br /></p><p>I don't ever see that happening.</p><p><br /></p><p>PMs are nice to look at and are good at storing wealth but will never replace paper or electronic money. After all, people want their money "now" and a physical block of metal isn't going to transfer very quickly. Think of the distribution system needed for that much less the quantity which probably far short from existing to support the number of people.</p><p><br /></p><p>Look at all the disasters in the world and what was the "currency"</p><p>In Puerto Rico they didn't have cash, so what did they do? Use PMs? NO ... they waited for Cash.</p><p><br /></p><p>in 2009 when the economy imploded, loss of jobs, loss of homes, etc; what did the US and world do? Use PMs? No .. they still used cash.</p><p><br /></p><p>If the Zombie Apocalypse occurs will everyone use PMs? Nope, water, food, bullets and sharp axes will be the top monetary methods. Assuming everyone forgot how to manufacture and lacked common sense.</p><p><br /></p><p>Might be time to move to Chili to get one's PM fix.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 2877891, member: 77814"]So .. are we to assume then that the US Money Supply is going to implode and everyone is going to revert to PMs ? I don't ever see that happening. PMs are nice to look at and are good at storing wealth but will never replace paper or electronic money. After all, people want their money "now" and a physical block of metal isn't going to transfer very quickly. Think of the distribution system needed for that much less the quantity which probably far short from existing to support the number of people. Look at all the disasters in the world and what was the "currency" In Puerto Rico they didn't have cash, so what did they do? Use PMs? NO ... they waited for Cash. in 2009 when the economy imploded, loss of jobs, loss of homes, etc; what did the US and world do? Use PMs? No .. they still used cash. If the Zombie Apocalypse occurs will everyone use PMs? Nope, water, food, bullets and sharp axes will be the top monetary methods. Assuming everyone forgot how to manufacture and lacked common sense. Might be time to move to Chili to get one's PM fix.[/QUOTE]
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