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Written a few years ago - has anything changed for the better?
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<p>[QUOTE="desertgem, post: 2409683, member: 15199"]All of the above are only valued as an asset as long as people value it as such. If fiat falls, it will in the whole world, but most likely outside of the USD first for a period of time, and the value of all of those "assets" will increase or hold for a short while AS long as USD is still the placeholder. If the USD goes out, all of those asset value will be as bad or worse than paper. If one said Property with legal and replenishable clean water rights, A Medical storehouse with properly stored devices and medications, Firearms or ammo they might have an argument. In such a case I would rather own a large salvage/junk yard than a handful of diamonds. Only 1 person out of a million has the skills to tell a real diamond from a synthetic these days. Art , coins, gold , silver are nice as long as there is something to trade for it, but few people do, and most hoarders( not all) , especially those in a large city, would die, counting their bullion, or jewelry, eating dog pancreases trying to fend off their diabetes. IMO <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2409683, member: 15199"]All of the above are only valued as an asset as long as people value it as such. If fiat falls, it will in the whole world, but most likely outside of the USD first for a period of time, and the value of all of those "assets" will increase or hold for a short while AS long as USD is still the placeholder. If the USD goes out, all of those asset value will be as bad or worse than paper. If one said Property with legal and replenishable clean water rights, A Medical storehouse with properly stored devices and medications, Firearms or ammo they might have an argument. In such a case I would rather own a large salvage/junk yard than a handful of diamonds. Only 1 person out of a million has the skills to tell a real diamond from a synthetic these days. Art , coins, gold , silver are nice as long as there is something to trade for it, but few people do, and most hoarders( not all) , especially those in a large city, would die, counting their bullion, or jewelry, eating dog pancreases trying to fend off their diabetes. IMO :)[/QUOTE]
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