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<p>[QUOTE="Vess1, post: 3385008, member: 13650"]The posts in this thread make me laugh. All these people telling you that gold and silver would be worthless, will gladly accept fiat, printed, currency paper right now to trade for anything and everything. Who's to say silver and gold wouldn't be recognized as a new solid currency in some scenarios? You're willing to recognize printed paper right now? Some of you are willing to go down with the ship, clinching your fiat paper like it's the holy grail. lol </p><p><br /></p><p> Now I don't believe a doomsday scenario where PMs are the new currency is likely but there may come a situation where something of recognized value may need to be exchanged for something else of recognized value in order to obtain something else. Similar to how cash works today. If people lose their faith in the cash, which has happened throughout history.</p><p><br /></p><p> Luckily, it doesn't take a doomsday scenario for PMs to have value right now. If I had something for sale I'm willing to accept cash or bullion. Others will too. You can take bullion to a coin show and use it the same as cash. I've done it many times. The bullion value goes up and down. The value of the cash steadily goes down with inflation. I enjoy the function of bullion in non-crisis scenarios.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 3385008, member: 13650"]The posts in this thread make me laugh. All these people telling you that gold and silver would be worthless, will gladly accept fiat, printed, currency paper right now to trade for anything and everything. Who's to say silver and gold wouldn't be recognized as a new solid currency in some scenarios? You're willing to recognize printed paper right now? Some of you are willing to go down with the ship, clinching your fiat paper like it's the holy grail. lol Now I don't believe a doomsday scenario where PMs are the new currency is likely but there may come a situation where something of recognized value may need to be exchanged for something else of recognized value in order to obtain something else. Similar to how cash works today. If people lose their faith in the cash, which has happened throughout history. Luckily, it doesn't take a doomsday scenario for PMs to have value right now. If I had something for sale I'm willing to accept cash or bullion. Others will too. You can take bullion to a coin show and use it the same as cash. I've done it many times. The bullion value goes up and down. The value of the cash steadily goes down with inflation. I enjoy the function of bullion in non-crisis scenarios.[/QUOTE]
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