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To: No Mo Mo who wrote (195063)	10/3/2002 2:12:36 PM
From: oldirtybastard	Read Replies (4) \| Respond to of 436258

i have physical too, not sure how or if i'll ever use it, hope i can just give it to my kids if i ever find out who they are -g- meanwhile it just sits there helping to maintain my mental health. I don't see the dollar completely collapsing peso style without a good bit of the world being vaporized (either as a prelude or as a perverse response by us) but who knows

To: No Mo Mo who wrote (195063)	10/3/2002 2:14:06 PM
From: Ahda	Read Replies (2) \| Respond to of 436258

Or do you see it as merely a protective store of value to hold through the dark days when any fiat assets get vaporized? The Central Bankers saw it as value it is all they have to insure there is some value when currency hit the fan. It maintains some value when all value seems to be gone.

To: No Mo Mo who wrote (195063)	10/3/2002 2:19:53 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 436258

No, I see it more as a trading sardine than as money, as are all commodities. However, I could envision the day when the Fed says "we'll now have two grades of money. The green stuff you know is fake and some blue money that is backed by our gold holdings. The blue will be around until the world once again has confidence that we won't print the green stuff at a growth rate far beyond our economic or corporate profit growth rates. And, of course, complementary blue bills will be given to Goldman Sachs if they give us access to hot IPOs. Assuming there are ever hot IPOs again." O.K., that last bit wasn't part of the original nightmare. <g>

To: No Mo Mo who wrote (195063)	10/3/2002 9:54:01 PM
From: yard_man	Read Replies (2) \| Respond to of 436258

odb raises a good pt -- there is a sceanrio when 1) gold miners and gold goes to the moon and we sink into a terrible economic malaise -- call that the "soft depression" there is another 2) where gold actually becomes useful to purchase things while fiat is hugely diminished in value, but society still continues to function though many people are out of work -- but not causing any real mischief to speak of and 3) all the crazy stuff that the nitwits talk about on gold-eagle happens -- social pandemonium -- My question is: is 2) even a possible outcome. Either we get 1) or we get 3). 2) seems the most unlikely. I bought some gold 1 oz pieces. It's weird 3 -4 years ago I thought anyone who would buy gold coins was a nut, but I think they are pretty -- I think they will probably outperform fiat in the next 5 - 10 years and I will give them to my son at some pt. I'd like to collect some more ... I never bought them, thinking that I would find myself in a scenario where I would be using them for currency <ng> If we get to a scenario 3) foodstuffs, amo, gasoline, propane, oil and water will be very valuable and suffice as currency, IMO. Gold would have its place, too -- but food might be primary.