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<p>[QUOTE=&quot;doug444, post: 2648669, member: 38849&quot;]Incidentally, I did not say or imply that we needed a dollar &quot;backed&quot; by PMs.&nbsp; I agree that probably wouldn&#039;t work now, for a variety of reasons.</p><p><br /></p><p>I am saying that I expect a time when you will get a better deal for gold or silver, as compared to market pricing in dollars.&nbsp; Let&#039;s say gold is $2000 per ounce, and you want to buy a modest $1000 refrigerator.&nbsp; Your seller says, &quot;I would accept 0.40 ounce of gold instead of $1000 in US currency.&quot;&nbsp; </p><p><br /></p><p>So on that day, you have accomplished your long-term goal of <u>preserving your purchasing power</u> by previously exchanging your US currency for some other form of money.</p><p><br /></p><p>In the 1950s, you could often buy a loaf of bread for 10c.&nbsp; You still can, if you were smart enough to lay aside a 1950s dime back then.&nbsp; </p><p><br /></p><p>An alternative form of money preserved your purchasing power, and that&#039;s what it&#039;s all about -- not trading PMs, not slabbing PMs, not paying Perth Mint $$$ for pretty junk.[/QUOTE]</p><p><br /></p>

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