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<p>[QUOTE=&quot;InfleXion, post: 1445400, member: 29012&quot;]I agree they are in the same neck of the woods. The difference is that in a default you are telling the rest of the world that you aren&#039;t willing to pay your bills. Thus nobody wants to buy your debt, thus you can no longer finance your debt without money printing unless you junk the currency and start anew. The end result is either hyperinflation or the trash can, neither of which are good for cash even though deflation itself is good for cash. </p><p><br /></p><p>I&#039;m not saying hyperinflation is a given, that&#039;s dependent on monetary policy. Although the pattern of monetary debasement has been quite consistent over the years. I&#039;m also not saying that gold and silver will gain in value. They could very well lose value, but one thing they can&#039;t do is go to zero. Currency, stocks, and bonds all have this possibility even if it is a miniscule one. Say gold goes to $100/oz one day, and the next day your dollars are worth zero, you&#039;ll be glad you bought at $2000/oz just to have attained some while it was possible to do so. My goal has never been to maximize my profits, but rather to maximize my ounces.[/QUOTE]</p><p><br /></p>

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