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<p>[QUOTE=&quot;JoeSmith, post: 579227, member: 18021&quot;]I don&#039;t think a new metal will come along, all metals are known and no new ones are being discovered.&nbsp; How about rhodium?&nbsp; It&#039;s about 15% what it was.&nbsp; Many metals have been used for money, gold, silver, copper, bronze.&nbsp; But gold has the longest track record, at least 6,000 years.&nbsp; </p><p><br /></p><p>This recession isn&#039;t like others we&#039;ve had.&nbsp; We&#039;ve never printed trillions of dollars to end a recession.&nbsp; Will it work?&nbsp; There is no chance.&nbsp; I&#039;d love to see the price of gold go to $600, it would give me a chance to buy more.</p><p><br /></p><p>Here&#039;s a good article on hyperinflation:</p><p><a href="http://en.wikipedia.org/wiki/Hyperinflation" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Hyperinflation" rel="nofollow">http://en.wikipedia.org/wiki/Hyperinflation</a></p><p><br /></p><p>The article discusses 33 examples of countries that experienced hyperinflation.&nbsp; </p><p><br /></p><p>An excerpt about Zimbabwe:</p><p>Inflation was stable until Robert Mugabe began a program of land reforms that primarily focused on taking land from white farmers and redistributing those properties and assets to black farmers; this in turn sent food production and revenues from export of food plummeting.</p><p><br /></p><p>Slave reparations anyone?&nbsp; Check out their 100 trillion dollar bill!</p><p><br /></p><p>After recovering from hyperinflation, most countries re-value their currency, at a rate of 1,000 to 1 up to 1,000,000,000 to 1.&nbsp; After the US does it, gold could be $600 per ounce, in new dollars.&nbsp; Of course new dollars will be worth 1,000 old dollars, which would make $600 gold actually be $600,000 in old dollars.</p><p><br /></p><p>I&#039;m in my sixties, and I fully expect to see gold at $100,000 an ounce (in today&#039;s dollars).&nbsp; When it happens, I won&#039;t be selling unless my family is starving.&nbsp; I grow my own food.[/QUOTE]</p><p><br /></p>

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