Quote:
Originally Posted by DWB
This is simply not true. Gold was bought and sold during the Argentina collapse (and probably in every other collapse). Black markets sprung up and they were buying specifically gold in large quantities. It was also used for general trading. They even bought, sold, and traded gold jewelry.
Will your neighbor trade for it? Probably not. But can you sell it and trade it at the markets? If history repeats itself you will be able to.
But a smart person isn't only going to have gold. They are going to have real life items that people will want and need.
So said the people in:
China
Germany
Russia
Argentina
The United States Of America
... and so on.
All have fallen on their ass before. No one has to have a tin foil hat on to know that it can and probably will happen again. It's only a matter of when.
Shit happens. History doesn't lie and always repeats itself.
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The point I was making, which you seem to have not appreciated, is that if the US experiences a hyperinflation like Argentina did, the version of "collapse" that we'll be dealing with will not be the same version of "collapse" that Argentina or Zimbabwe went through.
The world didn't miss a beat then. On the other hand, if you apply the same economics to the US as the worlds reserve currency issuer, in a global economy and where systemic risk is attached to the world, you end up with a scenario where gold doesn't mean shit because as was said, you can't eat it, sleep under it, etc.
We are talking past each other because we've widened the distance between the definitions of "collapse".
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