[quote=jpinpb]Thanks. I was just wondering. I mean, what if the economy gets so bad and the dollar is worthless. Who would pay so much for gold? That’s what I was thinking. Where does one go to sell it and what would dictate how much they’d pay for it.[/quote]
The decent of the decline will dictate this. In some scenarios gold, having no utility value, may not hold up as some gold bugs like to admit. Tools, land and emergency supplies may do better. I have a friend that is collecting bottles of whiskey for trade. In recent history many countries that have experienced currency collapses and the people decided to use gold for trade instead. So it has precedence. IMO, a greatly decreased value of the dollar is a certainty in less than 5 years. I’m thinking more 18 months maybe sooner. We have two curves going in opposite directions. One is our debt, two is our ability to pay it back, eventually something will snap.