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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (88724)	11/8/2007 2:39:09 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to 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.

To: sea_biscuit who wrote (88724)	11/8/2007 2:39:09 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to 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.