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To: Bill/WA who wrote (222348)2/18/2003 8:51:28 PM
From: Win-Lose-Draw  Respond to of 436258
 
all i can tell you is i've been in that situation, and gold wasn't worth sh-t.

the only way what you describe happens to an american living in the US is if the entire planetary economy melts down. and if that happens 7 million people in manhattan aren't going to give a rats ass about gold coins becuase they'll be swapping gold rolexes for a (single) loaf of bread.

imo the problem with the extreme gold bug theory is it requires the world to be so f'ed paper money is worthless but not so f'ed up that food deliveries into the cities are affected. that ain't gonna happen.

if paper money becomes genuinely worthless people in western countries - where we almost all live in cities - are going to start dropping dead from starvation and will gladly swap their bullion bars for pennies on the dollar just to have something to eat.

it's the scene from casablanca, in rick's cafe...

At another table a very well-dressed woman talks to a moor. She has a bracelet on her wrist. No other jewelry.

WOMAN: But can't you make it just a little more? Please?
Moor: I'm sorry, madame, but diamonds are a drug on the market. Everybody sells diamonds. There are diamonds everywhere. Two thousand, four hundred.