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 (677)	5/4/2003 7:32:01 PM
From: EL KABONG!!!	Read Replies (1) of 4912

Hi Win-Lose-Draw, It is my belief (and I could be wrong) that gold, silver and a handful of other precious metals could be used as a form of currency in the event of temporary failure of a fiat currency, to purchase short term needs in what might survive as a marketplace, for purchase of things such as food. I doubt that you could use metals to pay for things like an electric bill or a mortgage or a new car, but for short term needs, small amounts of precious metals might be sufficient to bridge any gaps. Historical precedents exist for my opinion, such as the currency failure(s) in South America, and most recently, the currency problems in Asia circa 1997/8(?). However, for the USA and Europe, the "theory" has yet to be tested. KJC

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