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<p>[QUOTE=&quot;fatima, post: 1219146, member: 22143&quot;]Relative to the OP.&nbsp;&nbsp; Nothing will happen to gold except that pure gold will get processed into coin gold or something similar.&nbsp;&nbsp; It won&#039;t get cut into infinitely smaller pieces to reflect the value in Federal Reserve dollars because they will be worthless and irrelevant.&nbsp; Here in lies the risk of not owning gold.&nbsp;&nbsp; At some point, as it did when the nation was formed, the government will simply re-define the dollar in terms of grams of precious metals.&nbsp;&nbsp; The economy resets using that as the new standard.&nbsp;&nbsp; They will use the general ignorance of the American people to take advantage of it.&nbsp;&nbsp; </p><p><br /></p><p>Most likely there will still be 1oz gold coins, subdivisions down to maybe 10th of an ounce in physical form.&nbsp; Then silver for divisions beyond that.&nbsp;&nbsp; People will have to get used to understanding that a week&#039;s worth of work might be only worth a couple of 25 cent silver coins.&nbsp; In pure currency terms, the decimal place just got moved some.&nbsp; It&#039;s as simple as that.&nbsp;&nbsp; The penny now has meaning again.&nbsp;&nbsp; </p><p><br /></p><p>Keep in mind this isn&#039;t going to happen without something close to a revolution because the elites will do everything in their power, to keep the status quo in place as long as they can.&nbsp; It won&#039;t matter if they end up raiding every retirement account (public &amp; private), sell off all US public assets, place fees on breathing air, etc.&nbsp; They will squeeze people until they have nothing. This is the power the fiat dollar gives them.&nbsp;&nbsp; If you think it can&#039;t or won&#039;t happen, go study Greece.&nbsp; The public is being sent back to the feudal Europe, in part, to save the whole fiat system.&nbsp; </p><p><br /></p><p>It won&#039;t be pretty.&nbsp; This is why they call it SHTF.&nbsp; The next few generations to come after this event, assuming something survives, won&#039;t trust any paper or anything else issued by the government in terms of currency.&nbsp;&nbsp; So what remains are PMs as the ultimate backing of currency.&nbsp;&nbsp; Then, beyond that, future generations will forget again, and the entire mess is repeated.&nbsp; Anyone reading this now will just be a historical relic at that point and people of that time will look back and say one of the most stupid phrases in the English language,&nbsp; &quot;It will be different this time&quot;.</p><p><br /></p><p>All of this will happen again.&nbsp; However the trick for the PM/bullion investor now is in knowing the timing.&nbsp; It could be that anyone reading this might not live long enough to see it through.&nbsp; I don&#039;t think it will take that long as the money printing is moving into the puck end of the the famous hockey puck graph. S[/QUOTE]</p><p><br /></p>

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