Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Presidential dollars are ugly and I hate them <3
>
Reply to Thread
Message:
<p>[QUOTE="calcol, post: 2769635, member: 77639"]Hard to say where cyber finances will take us, but there is no going back on it. Metals as a medium of exchange were never suppose to "protect us". No one involved with production and trade in precious metals has had such a lofty ideal. Precious metals simply evolved as a verifiable, transportable, durable medium of exchange. Precious metals these days are more and more commodities like oil, wheat, iron, diamonds, etc. Unless there is a significant economic collapse, greater than the great depression, precious metals are not coming back as a medium of exchange.</p><p><br /></p><p>As far as protection goes, countries with the biggest ore reserves and the infrastructure to mine and process them can have the biggest influence on the precious metals markets. For gold that's Australia, Russia, South Africa, in that order; then Indonesia and the U.S. with equal amounts. For silver, it's Peru, Australia, Poland, Chile, China, Mexico and the U.S. in that order (statistica.com). So, those who believe in a coming economic collapse had best head down-under.</p><p><br /></p><p>Cal[/QUOTE]</p><p><br /></p>
[QUOTE="calcol, post: 2769635, member: 77639"]Hard to say where cyber finances will take us, but there is no going back on it. Metals as a medium of exchange were never suppose to "protect us". No one involved with production and trade in precious metals has had such a lofty ideal. Precious metals simply evolved as a verifiable, transportable, durable medium of exchange. Precious metals these days are more and more commodities like oil, wheat, iron, diamonds, etc. Unless there is a significant economic collapse, greater than the great depression, precious metals are not coming back as a medium of exchange. As far as protection goes, countries with the biggest ore reserves and the infrastructure to mine and process them can have the biggest influence on the precious metals markets. For gold that's Australia, Russia, South Africa, in that order; then Indonesia and the U.S. with equal amounts. For silver, it's Peru, Australia, Poland, Chile, China, Mexico and the U.S. in that order (statistica.com). So, those who believe in a coming economic collapse had best head down-under. Cal[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
US Coins Forum
>
Presidential dollars are ugly and I hate them <3
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...