My questions is this:
Since we don’t currently have a gold or silver standard, what is the importance of gold in long term government storage?
I am not arguing. Its a serious question and I would like to hear actual views on it.[/quote]
Well, it’s kind of a silly question. It’s like saying since I am not currently in Europe, what does it matter if my suitcase full of Euros is still in my safety deposit box.
RP is just anticipating a forced relocation to Europe and wants to know what we are working with[/quote]
No.
I go to Europe a lot so that would matter to me more.
This is a bit…more…disconnected from me.
But to recap, the concern is that we will need the gold shortly?
What would be the circumstances for needing it?[/quote]
I think it would matter a little bit if your money went missing.
Ok, let me put it another way. Simply, he thinks, it is, possibly, not there, as in, missing, stolen, etc… Which given the revolving door of criminals through out the decades of financial officialdom, is not completely insane. Second, he sees the inevitable collapse and loss of confidence of our monetary system, as they all do, eventually. Failures, crises and collapses are built into monetary systems. Gold really does not fix that, though as goldbugs erroneously think. I guess, in a way he wants to see what the countries assets are in case of calamity.
