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Politics : Welcome to Slider's Dugout
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To: inchingup who wrote (8425)3/16/2008 12:42:16 PM
From: dvdw©  Read Replies (2) of 50725
 
Interesting post you said; Shall we buy bars of the stuff and put them safe deposit boxes."

That is one possibility.

"Then how do we use in commerce?"

Convert it to some form of cash.

Another poster suggested buying bags of silver coins at 14K a pop.

I did a study post Katrina searched all news accounts afterwards and was unable to find a single article on how Silver or gold was used in this catastrophe to advantage its holder.

Now, that does not mean there might not be some future calamity that either could. But the present tactical considerations for the case of gold or silver as convertible to utility trade, is just not there.

Cigarettes, might be better, or chocolate and protein bars, gasoline, propane, all would indicate a better marginal utility than gold or silver. the post catastrophe case for gold and silver begins only after a shock has been transcended by the speculators who had commodities with then present utility.

In the absence of government restoring currency, post catastrophe wealth in a relative sense, would accrue to gold and silver only after the catastrophe itself were fully consolidated by those survivors whose entrepreneurship enriched them. Is that a certainty? No. gold and silver as stores of value would need societal scale recovery. But that would not be guaranteed either, because a million other things might be valued higher, according to what conditions actually are.
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