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<p>[QUOTE=&quot;medoraman, post: 1217918, member: 26302&quot;]I agree 99% of the time you are right, but it really depends on how BIG of SHTF it is. Worldwide, global recession and insane interest rates? Gold is valued because its rare and pretty, and simply because its gold. At some point in a major catastrophe, that will not matter. Yes, hope for better days will drive a value, but if there is no where to escape to where it will buy a better life, I just think eventually PM will be simply seen as another relic of better times, not applicable to current survival.</p><p><br /></p><p>I am talking about something like a meteor hitting the earth, or something like that. </p><p><br /></p><p>Short of a worldwide event, you are right Cloud that it will hold a value precisely because somewhere else it can buy you a better life, and its portable enough to actually go there with you to buy that life. I do not see the US gonig down that path, I simply see the US either defaulting on the debt, or devaluing our currency enough to make repayment possible. Those are the two paths governments always take, and usually the latter. This is why I have a Euro and Baht account, why I do have substantial PM&#039;s, I own international stocks, and even why I continue to buy ancients since that market is denominated predominantly in Euros. I am not immune to the dollar, but much more immune that many Americans.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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