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<p>[QUOTE=&quot;fatima, post: 1333186, member: 22143&quot;]Currency and economic collapse rarely if ever mean that society collapses as well. We won&#039;t be entering a Mad Max world of bartering and killing each other.&nbsp; We will get a new (revalued) currency and in the process, lot of people will lose a great deal of paper wealth.&nbsp; Promises made based on paper will be worth less than the ink they were written with.&nbsp; It might also mean more radical government and/or war as boys will be boys, but that&#039;s a different issue.&nbsp; </p><p><br /></p><p>In this scenario, it is the ones holding gold and possibly silver, who will have their wealth preserved.&nbsp; At the time the new currency is established, then the gold and silver can be used to buy it.&nbsp; Why?&nbsp; Because governments hold gold, use it as bargaining chips with each other, and thus the gold will always have value.&nbsp; People view it the say way.&nbsp; It&#039;s been this way for 6000+ years of recorded human history and there is no reason to believe it might be different next go around.&nbsp;&nbsp; Note: This only applies to those who hold physical PMs in their possession.&nbsp;&nbsp; As the events at MF Global prove, paper gold, even paper gold registered to you in your own segregated holdings,&nbsp; can become worthless.&nbsp; </p><p><br /></p><p>This is the only &quot;doomsday&quot; scenario that you should hold gold coins for.&nbsp; i.e. Wealth preservation in a rapidly changing political/economic system.&nbsp; &nbsp; I would not bother to prepare for end of the world Armageddon by stockpiling bullets, lard, and boxes of Lucky Charms.&nbsp; Armageddon has a habit of showing up at a time and form that you least expect so don&#039;t bother.&nbsp; The living may be worse off than the dead.</p><p><br /></p><p>Here&#039;s hoping that all have a good 2012.&nbsp; If you have gold, I know you will.[/QUOTE]</p><p><br /></p>

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