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<p>[QUOTE=&quot;Drusus, post: 432633, member: 6370&quot;]historically precious metals have retained value (more or less) when fiat systems fail. In post WWI Germany, silver and gold were still worth a lot while the fiat paper money became obsolete within a week or so and new higher denominations were introduced...problem is, these were emergency fiat systems...what fiat systems and paper money were reserved for in societies that based their money on precious metals...so we dont even base our monetary system on gold or silver any more...in essence our monetary system, because of fractional banking and the fact that it is backed by only the word of the government, is in a constant state of inflation...</p><p>&nbsp;</p><p>But if you think about it...a silver dime in the 30&#039;s and 40&#039;s would buy you a meal...sell that dime today and it will still buy you a meal....while a fiat dime will buy you nothing....not even a phone call to a person to complain to about it all. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>Oh...and I wont be doing anything with my coins but I am a bit lucky that the industry I am in needs to operate regardless of the economy...though I might sell some gold Krugerrands if gold shoots up again...if it goes down enough I will buy more.[/QUOTE]</p><p><br /></p>

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