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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: sea_biscuit who wrote (88724)11/8/2007 2:39:09 PM
From: Wyätt Gwyön  Read Replies (1) of 110194
 
Gold is valued as money across all lands and across the millennia.


if you can't use it to pay for everything you buy it is a strange kind of money indeed.


"Legal tender" is euphemism for "politicians promise"

so far as i know the only promise behind "legal tender" is that you will get locked up if you use a kind that is not legal. if you expect laws to cease to exist so that you can pay your electric bill with bullion, i think there will be better things to stockpile than gold.
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