Quote:
Originally Posted by After Shock Media
How is gold safer?
Really think it would be worth more than anything else if shit is completely out of whack? I mean if all the cash dries up, so forth. What you going to do, try trading a sliver of gold for a carton of cigarette's?
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Haven't u heard the news lately, why Washington Mutals et al losing deposit which the FIDC force them to be sold to another bank? Investor are flee banks and putting their money in T-bill (treasury security), because the FIDC only guarantee up to $250K per account. Beside, history have already taught us currency can go worthless and it can take a long time for it to recover.
Gold will be stable as long as there is terrorism unfortunately and gold was use as a way of exchanging monetary funds even before currency exist.