Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: Win-Lose-Draw who wrote (679)	5/4/2003 7:58:27 PM
From: EL KABONG!!!	of 4912

Win-Lose-Draw, You could very well be correct. I wouldn't debate the point with you. I think it would all boil down to a matter of beliefs, and perhaps values. I can certainly understand your examples of cigarettes and medicines. There's probably a few dozen other items that you could add to the list. My belief is that any currency failure that may occur is likely to be temporary. The powers-that-be will impose some type of rule in an effort to encourage an orderly transition from whatever was to whatever will be. People need only protect themselves for the transitory period. That's my belief. And yes indeed, precious metals were used in Argentina, though not on the same scale as in Asia. Even today, otherwise poor people in India and elsewhere in Asia have access to some limited quantity of gold, often in the form of jewelry. The practice is deeply rooted in their cultures. So, my belief is that gold/silver will retain some value of some sort (whether expressed as a sum of dollars or as so many bushels of apples), and that the metals can suffice for some short term needs. KJC

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