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<p>[QUOTE=&quot;medoraman, post: 2256922, member: 26302&quot;]If all the world is &quot;printing money&quot; then how is anyone going to get hurt? What happens if all of them default at once? Most such debt is cross held. Since the Fed is the largest holder of US debt, if the US defaults, who loses money? US taxpayers. Why couldn&#039;t US taxpayers simply print more? Too many people have this antique notion currency has to be backed by a tangible good. Currency is only a medium of exchange. Even when governments used PM for coinage they always valued it well above the metal value. </p><p><br /></p><p>The world has advanced away from using archaic relics like gold to be the only store of value. I only buy it because I find it pretty.[/QUOTE]</p><p><br /></p>

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