SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: shades who wrote (63180)5/2/2005 9:34:00 PM
From: 8bits  Read Replies (2) of 74559
 
Shades,

I know several people who left by boat from Vietnam in the 1980s. They paid their passage not with Dong (the local currency) nor US Dollars but with Gold.

I've heard tales of Chinese buying passage out of the mainland in 1949 with once again Gold.

Gold also bought passage for more than a few Russians (such as my Grandfather) when the Bolsheviks took over.

Land and barrels of oil certainly can hold value when you currency goes to hell but they are not easily transportable or hidden. (Well land is certainly neither..)

As an elderly Russian coin dealer told me, Gold is insurance which never expires.

Currencies tend to goes to squat every so often (as has happened to almost every Latin American country, Russia Twice, Germany at least twice, China at least once, even in the US (The Confederacy..)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News