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re: Gold Questions

Posted on 3/3/09 at 8:46 pm to
Posted by ForeLSU
The Corner of Sanity and Madness
Member since Sep 2003
41525 posts
Posted on 3/3/09 at 8:46 pm to
I would like some of you gold geeks to explain to me the attraction, other than the fact that there are enough gold geeks wanting to buy to keep the price stable. It seems to me that gold is just as abstract as any other form of "money" used for the exchange of goods and services. It's only tangible value is whatever someone else will give me for it. If I'm a landlord and you can't pay me in paper money, I'd rather take your chickens, whiskey, or women, than your gold bars (assuming the shite has hit the fan)
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15051 posts
Posted on 3/3/09 at 8:51 pm to
quote:

I'd rather take your chickens, whiskey, or women, than your gold bars (assuming the shite has hit the fan)
This argument has been trhrashed and rethrashed. I agree with you 100% fwiw. In a WPC-style survival situation gold will be worthless.
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