The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: shades who wrote (40704)	9/5/2005 11:04:40 PM
From: Moominoid	Read Replies (1) of 306849

I don't think any of these guys are thinking things will get as bad as NO-waterworld in general. Just that there will be a lot of hyperinflation and bankrupt firms and governments and gold will keep its value better than any other asset. In waterworld there probably would be some currency but the equilibrium could settle on anything, not neccessarily gold. If gold is worth the same as now, a gold coin is not very handy for buying the available food, though it is lasting and hard to reproduce, which are good characteristics for a currency. In the ancient world taxes were collected in grain not gold... though gold and silver were handy for large transactions. Gold isn't real wealth... maybe agricultural land would be valuable (unless it is in a delta hit by hurricane and disappears) but is a bit awkward to move around :) and in the end anything can be expropriated.

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