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To: Shtirlitz who wrote (63123)1/31/2001 1:28:07 AM
From: Seeker  Read Replies (1) | Respond to of 116762
 
People will always go back to gold in times of uncertainty. History proves that.

Even as late as the sixties some people had the tradition of having a few gold coins in the house in case it all comes crashing down. Logic being in a state of anarchy, which statistically is man's general state, the family could exchange for basic needs.

S



To: Shtirlitz who wrote (63123)1/31/2001 8:14:16 AM
From: Richard Mazzarella  Respond to of 116762
 
Shtirlitz, <<what is better to own in times of uncertainty ?>> 20 cases of canned stew, water, high powered rifle with 1000 rounds of ammunition, and 5 acres of land? During a period of tribulation, will your bank let you pay your mortgage with gold? Will the tax collector take it? Will your store exchange it for more stew? Canned stew, or toilet paper may have more value than gold?

When gold was valued as money it was the money of last resort, but it’s different this time. Electricity, natural gas, computers, stocks, credit cards, et al. are the commodities of interest. As money, gold sucks. <VBG>