Quote:
Originally Posted by TheDoc
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.
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Well I keep my gold in the house. But you are correct, people should own physical gold. The government is libel to confiscate gold again if there's another depression, so if it's in your possession you have a fighting chance of keeping it away from them.
Confiscation will only happen if they want to revalue the dollar though. It's more likely they will just abandon the dollar and create a new global currency.
Or maybe all the trends will reverse and fiat currency will prove a great long term success. Who knows?