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<p>[QUOTE="Cloudsweeper99, post: 202573, member: 3011"]It is a very low probability bet to think that gold and silver coins are going to be used as currency in the forseeable future. But is is a very high probability bet that they will provide significant protection against the inflation [more accurately called devaluation of the dollar] that seems all but certain to occur. If the greenback ever needs to be replaced, it will be replaced by another fiat currency just as has been happening in other nations with similar problems over the past 50 years. Nobody is going to walk around with pockets full of silver eagles. You're going to have to exchange them back into whatever currency is used at the time before spending the money.</p><p><br /></p><p>My gues is that we will never be a completely electronic society as long as politicians need a way to accept bribes in a manner that cannot be traced. I don't think the people who make that decision are ready for it.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 202573, member: 3011"]It is a very low probability bet to think that gold and silver coins are going to be used as currency in the forseeable future. But is is a very high probability bet that they will provide significant protection against the inflation [more accurately called devaluation of the dollar] that seems all but certain to occur. If the greenback ever needs to be replaced, it will be replaced by another fiat currency just as has been happening in other nations with similar problems over the past 50 years. Nobody is going to walk around with pockets full of silver eagles. You're going to have to exchange them back into whatever currency is used at the time before spending the money. My gues is that we will never be a completely electronic society as long as politicians need a way to accept bribes in a manner that cannot be traced. I don't think the people who make that decision are ready for it.[/QUOTE]
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