Quote:
Originally Posted by Dodododa
Yes, currencies come and go. Owning gold is like storing your wealth. If the dollar becomes worthless and the world wide financial system implodes, they will come up with a new system. Then you can exchange your gold for whatever the new currency is.
300 oz of gold would have bought you a nice house 1000 years ago, it will buy you a nice house today, and it will buy you a nice house 1000 years from now.
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1000 years ago people actually had gold, hell even a 100ish years ago.. Today they have papers saying they own gold. Paper attached to banking/investment systems that shut down and stop exchanges, during financial meltdowns.
If the eco and everything did cash... the piss amount of gold most people in this thread might actually have in hand, wouldn't hold them over better than a box of ammo would.