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<p>[QUOTE="Jq997, post: 3414405, member: 102174"]I think folks here are not looking at scenarios we have seen in other countries related to a slow, and then suddenly out of control financial and currency collapse. Venezuela is the obvious current example. Extreme inflation, a lack of production and supply. Would people with excess goods to sell be happy to see PMs as a medium of exchange rather than Bolivars? You bet they would. </p><p><br /></p><p>Precious metals as an emergency hedge are there as a hedge and replacement for the collapse of a currency. If you think this is impossible in a more developed country then hoarding precious metals is irrational and unnecessary. However, currency crisis scenarios are not crazy zombie apocalypse nuclear fallout scenarios. They are regular events of history and in the daily news.[/QUOTE]</p><p><br /></p>
[QUOTE="Jq997, post: 3414405, member: 102174"]I think folks here are not looking at scenarios we have seen in other countries related to a slow, and then suddenly out of control financial and currency collapse. Venezuela is the obvious current example. Extreme inflation, a lack of production and supply. Would people with excess goods to sell be happy to see PMs as a medium of exchange rather than Bolivars? You bet they would. Precious metals as an emergency hedge are there as a hedge and replacement for the collapse of a currency. If you think this is impossible in a more developed country then hoarding precious metals is irrational and unnecessary. However, currency crisis scenarios are not crazy zombie apocalypse nuclear fallout scenarios. They are regular events of history and in the daily news.[/QUOTE]
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