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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: dvdw© who wrote (8428)3/16/2008 1:13:44 PM
From: tdl4138  Respond to of 50725
 
Personally....

I'd rather have a couple of grain bins full of corn, wheat or soybeans along with some cattle. Some ammunition to protect them would come in handy too.

The last time I checked those gold and silver coins were a bit rough on the teeth.

Point being...In the context of the crisis being discussed I sincerely believe any edible commodity would have a far greater value than a bucket of coins. Easier to trade and I believe the value would keep increasing as people became hungrier. Starvation and self preservation would be extremely motivating.



To: dvdw© who wrote (8428)3/16/2008 1:31:49 PM
From: inchingup  Read Replies (1) | Respond to of 50725
 
"But the present tactical considerations for the case of gold or silver as convertible to utility trade, is just not there."

Although that was not the question I responded to one cannot fully assess what the real needs of people are following a catastrophe, as catastrophe's come in varying forms.

Financial
War
Famine
Floods
Hurricanes
Earthquakes
Wildfire
Drought
Avalanche
Tsunami

...just to name a few.

IMO, citing a single catastrophe such as Katrina on a board that is geared in the direction of financial matters does not appear to be all that relevant to the discussion.