Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Ask the people in Japan who lost their homes in a giant flood about how your plan would have worked out for them.
Your plan only works if your area isn't danger of some of natural or man made disaster.
I wouldn't be such a smart a**.
Right back atcha, Seain...
There's no place on earth that is free of the danger of some kind of natural or man-made disaster.
My way maximizes my tangible and edible assets for the future much better than shiny metals can, IMHO. Isn't it great that we all have free choice about how best to protect our futures?
Oh, did I forget to mention that I have food storage in THREE separate locations precisely because I HAVE factored in the overdue Cascadian Subduction Zone earthquake and Mt. Rainier blowing its top? And my land isn't in a floodplain, even the 100-year one.
It's shiny, we like shiny things, shiny things are good. (grunts)
I have pondered this myself as well, a great deal in fact. However, not being one of the forum forbes 500 members, I tend to look at things in the abstract and from the moon. I understand the concept of value given to rare and finite things, be it gold or some rare sea shell, or whatever. I also understand that even finite things have value placed upon them that is rather speculative and as viewed from a very human point of view as opposed to a more purely pragmatic value. At the same time, having now lived through several boom-bust cycles, I can see the need for a throttle of sorts placed upon what is now basically an arbitrary value based upon nothing more than faith.
Basing currency upon a purely finite and rare thing seems as though it wouldn't be able to cope with the modern economic need to expand and contract, yet based upon faith, the system seems just as prone to disaster. So I don't know the answer or the solution, but I do kind of understand the basis of why people turn to gold or silver or whatever. Its not a total mystery, as is the solution.
to all: i'm not gonna read 56 posts, so i'm responding to the op and the op only.
Quote:
Originally Posted by ovcatto
It seems to me that gold has no more intrinsic value than Conch shells, eagle feathers or dare I say it, paper money. As a commodity of exchange, you can't eat it,
when i was in 5th grade i thought the same as you but then i was told gold has some industrial uses
Gold can be transported any where to any country and exchanged for there currency. Every ounce of gold that has ever been mined is still in existance. Silver is an industrial metal and consumed, each missile we fire has a ton of silver on it. Silver is slowly becoming more precious than gold due to it being an investment and industrial commidity. China just allowed it's people to own precious metals for the first time in 60 years, and they are hungry for it. The Chinese would rather own gold or silver than any currency. Now we have 1 to 2 billion people now on the market for precious metals when do you think the price may fall. If you read the foregin papers you will see where all this turmoil in the governments is causing people to buy gold and some countries are having problems pruchasing gold or silver at all.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
