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The Water Cooler
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Gold and SILVER
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<blockquote data-quote="Sharingan" data-source="post: 1498539" data-attributes="member: 11761"><p>Practically speaking , the world is NOT going to end. The value system we use in this country most likely will, however.. But contrary to the self serving image we have adopted as Americans- when the dollar crashes- It will be because the country cant pay up to the debt that will be liquidated. That by no means equates to gold and silver will be useless. Other countries will still need them and carry them as their actual reserves. Other countries will continue to manufacture and provide services and goods. And other countries will gladly do business with entities or institutions that have what they value.</p><p></p><p>If another country "fell" , and the need to finance its recovery arises. What does that have to do with the people in India or China, where it still 'serves a purpose'... You can bet those countries will still pay for it. <img src="/images/smilies/wink.png" class="smilie" loading="lazy" alt=";)" title="Wink ;)" data-shortname=";)" /></p><p></p><p>Now if the entire world goes to ****, i see your point.</p></blockquote><p></p>
[QUOTE="Sharingan, post: 1498539, member: 11761"] Practically speaking , the world is NOT going to end. The value system we use in this country most likely will, however.. But contrary to the self serving image we have adopted as Americans- when the dollar crashes- It will be because the country cant pay up to the debt that will be liquidated. That by no means equates to gold and silver will be useless. Other countries will still need them and carry them as their actual reserves. Other countries will continue to manufacture and provide services and goods. And other countries will gladly do business with entities or institutions that have what they value. If another country "fell" , and the need to finance its recovery arises. What does that have to do with the people in India or China, where it still 'serves a purpose'... You can bet those countries will still pay for it. ;) Now if the entire world goes to ****, i see your point. [/QUOTE]
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