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"She had depended on the gold coins for her retirement"
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<p>[QUOTE="desertgem, post: 1938924, member: 15199"]"My problem with banks is that if we face an economic collapse of some sort which causes our country to face a period of "chaos" where our social infrastructure crumbles, I don't want to be left with nothing because I cant get into a bank vault."</p><p><br /></p><p>I believe it is quite possible that an "economic collapse " may occur in the less than 500 year future, but not one that bullion would be much of a help. The chaos and social infrastructure of the world may crumble and create tremendous chaos due to environmental, tectonic , celestial, food/population/disease problems of far too many billions of humans. </p><p> You may wish someday for a tube of triple antibiotic ointment, or insulin injections more than an ounce of gold. if you die from a simple skin infection or diabetic gangrene, you lose possession of your bullion no matter where you keep it. If the Yellowstone caldera , Pompeii, or any of the other active sites go, bullion will mean little. Buy when you can, sell when you must, but plan for more severe problems than bank failures,</p><p>but then I am an optimist. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1938924, member: 15199"]"My problem with banks is that if we face an economic collapse of some sort which causes our country to face a period of "chaos" where our social infrastructure crumbles, I don't want to be left with nothing because I cant get into a bank vault." I believe it is quite possible that an "economic collapse " may occur in the less than 500 year future, but not one that bullion would be much of a help. The chaos and social infrastructure of the world may crumble and create tremendous chaos due to environmental, tectonic , celestial, food/population/disease problems of far too many billions of humans. You may wish someday for a tube of triple antibiotic ointment, or insulin injections more than an ounce of gold. if you die from a simple skin infection or diabetic gangrene, you lose possession of your bullion no matter where you keep it. If the Yellowstone caldera , Pompeii, or any of the other active sites go, bullion will mean little. Buy when you can, sell when you must, but plan for more severe problems than bank failures, but then I am an optimist. :)[/QUOTE]
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