Gold Redux: What do you folks thing about this?

[Allan from Fallbrook]

Scaredy: I’ll split the difference with you and offer up the British Empire as the most recent and best example I can think of to support my theory of what I think will happen with the US and the dollar.

We are following a similar script to England’s in the sense that America, like England, finds herself attenuated and suffering from overstretch. During England’s rise, the pound sterling enjoyed a, well, sterling reputation in the world markets and was, in many ways, a similar benchmark for currency valuation.

I think the US will undergo a similar phase and I think the dollar will also suffer accordingly. I’m not naysaying gold’s value in this case, but I am naysaying all of the people out there plumping gold as “the answer” and what to own when the shit hits the fan.

England watched her entire empire unravel following WWII and yet, here she still remains. The US will always possess abundant natural resources, an enviable strategic position (geographically speaking) and a dynamic population. No, this isn’t a Pollyanna reading of events, but it more supports the notion of gradual decline to a more appropriate situation then it supports the idea of a wholesale collapse.

I’m not saying you feel that there will be a wholesale collapse, either, but many of the folks out there shilling gold are. And they’re selling fear along with the coins. That’s why I keep saying that if you read history and find the proper analogies, they’ll lead you to an understanding that many other things possess value as well and will also survive the downturn.

[Arraya]

Gold is not possessed of an intrinsic value, that value is imparted or, more correctly, set. It is set by a wide variety of factors, but I doubt you will see a wholesale collapse of the dollar, immediately followed by gold becoming the de facto REAL MONEY.

I think in the short to medium term, as the floating currency regime becomes more and more dysfunctional, which it inevitably will, people will chose to hold it as a value protector just because of it’s history. Actually, I’m betting on it, but for practical and human behavior reasons. Not because I think it has magical powers, which seems to be the same affliction that the fiat wizards have about their money, as well as some gold bugs about theirs. Good lord, more debt is not going to solve the problem of too much debt. Especially at a time when you have less of an ability to pay it off. I agree, I don’t think, it is “REAL MONEY” just a convenient substance that is universal, in a sense that people in all countries treat it as something of value.

I’m an arable land bug, myself, preferably close to a watershed;) Though, It’s not quite the time for that, yet.

[Arraya]

Gold is not possessed of an intrinsic value, that value is imparted or, more correctly, set. It is set by a wide variety of factors, but I doubt you will see a wholesale collapse of the dollar, immediately followed by gold becoming the de facto REAL MONEY.

I think in the short to medium term, as the floating currency regime becomes more and more dysfunctional, which it inevitably will, people will chose to hold it as a value protector just because of it’s history. Actually, I’m betting on it, but for practical and human behavior reasons. Not because I think it has magical powers, which seems to be the same affliction that the fiat wizards have about their money, as well as some gold bugs about theirs. Good lord, more debt is not going to solve the problem of too much debt. Especially at a time when you have less of an ability to pay it off. I agree, I don’t think, it is “REAL MONEY” just a convenient substance that is universal, in a sense that people in all countries treat it as something of value.

I’m an arable land bug, myself, preferably close to a watershed;) Though, It’s not quite the time for that, yet.

[Arraya]

Gold is not possessed of an intrinsic value, that value is imparted or, more correctly, set. It is set by a wide variety of factors, but I doubt you will see a wholesale collapse of the dollar, immediately followed by gold becoming the de facto REAL MONEY.

I think in the short to medium term, as the floating currency regime becomes more and more dysfunctional, which it inevitably will, people will chose to hold it as a value protector just because of it’s history. Actually, I’m betting on it, but for practical and human behavior reasons. Not because I think it has magical powers, which seems to be the same affliction that the fiat wizards have about their money, as well as some gold bugs about theirs. Good lord, more debt is not going to solve the problem of too much debt. Especially at a time when you have less of an ability to pay it off. I agree, I don’t think, it is “REAL MONEY” just a convenient substance that is universal, in a sense that people in all countries treat it as something of value.

I’m an arable land bug, myself, preferably close to a watershed;) Though, It’s not quite the time for that, yet.

[Arraya]

Gold is not possessed of an intrinsic value, that value is imparted or, more correctly, set. It is set by a wide variety of factors, but I doubt you will see a wholesale collapse of the dollar, immediately followed by gold becoming the de facto REAL MONEY.

I think in the short to medium term, as the floating currency regime becomes more and more dysfunctional, which it inevitably will, people will chose to hold it as a value protector just because of it’s history. Actually, I’m betting on it, but for practical and human behavior reasons. Not because I think it has magical powers, which seems to be the same affliction that the fiat wizards have about their money, as well as some gold bugs about theirs. Good lord, more debt is not going to solve the problem of too much debt. Especially at a time when you have less of an ability to pay it off. I agree, I don’t think, it is “REAL MONEY” just a convenient substance that is universal, in a sense that people in all countries treat it as something of value.

I’m an arable land bug, myself, preferably close to a watershed;) Though, It’s not quite the time for that, yet.

[Arraya]

Gold is not possessed of an intrinsic value, that value is imparted or, more correctly, set. It is set by a wide variety of factors, but I doubt you will see a wholesale collapse of the dollar, immediately followed by gold becoming the de facto REAL MONEY.

I think in the short to medium term, as the floating currency regime becomes more and more dysfunctional, which it inevitably will, people will chose to hold it as a value protector just because of it’s history. Actually, I’m betting on it, but for practical and human behavior reasons. Not because I think it has magical powers, which seems to be the same affliction that the fiat wizards have about their money, as well as some gold bugs about theirs. Good lord, more debt is not going to solve the problem of too much debt. Especially at a time when you have less of an ability to pay it off. I agree, I don’t think, it is “REAL MONEY” just a convenient substance that is universal, in a sense that people in all countries treat it as something of value.

I’m an arable land bug, myself, preferably close to a watershed;) Though, It’s not quite the time for that, yet.

[Coronita]

[quote=Allan from Fallbrook]
I’m not saying you feel that there will be a wholesale collapse, either, but many of the folks out there shilling gold are. And they’re selling fear along with the coins. That’s why I keep saying that if you read history and find the proper analogies, they’ll lead you to an understanding that many other things possess value as well and will also survive the downturn.[/quote]

In your view at the current time right now, what do you think would hold value (aside from precious metals). I don’t think we’ll have a total collapse of the dollar right away, but just curious. (I know you’ll laugh by my relative has a bunch of wine that’s held in an escrow storage, and they have been selling them at wine auctions for pretty hefty premiums even in present day…Unfortunately, I’ve never acquired a wine snobbery so it doesn’t ring a bell for me..) I won’t hold you accountable for your wisdom opinion.

[Coronita]

[quote=Allan from Fallbrook]
I’m not saying you feel that there will be a wholesale collapse, either, but many of the folks out there shilling gold are. And they’re selling fear along with the coins. That’s why I keep saying that if you read history and find the proper analogies, they’ll lead you to an understanding that many other things possess value as well and will also survive the downturn.[/quote]

In your view at the current time right now, what do you think would hold value (aside from precious metals). I don’t think we’ll have a total collapse of the dollar right away, but just curious. (I know you’ll laugh by my relative has a bunch of wine that’s held in an escrow storage, and they have been selling them at wine auctions for pretty hefty premiums even in present day…Unfortunately, I’ve never acquired a wine snobbery so it doesn’t ring a bell for me..) I won’t hold you accountable for your wisdom opinion.

[Coronita]

[quote=Allan from Fallbrook]
I’m not saying you feel that there will be a wholesale collapse, either, but many of the folks out there shilling gold are. And they’re selling fear along with the coins. That’s why I keep saying that if you read history and find the proper analogies, they’ll lead you to an understanding that many other things possess value as well and will also survive the downturn.[/quote]

In your view at the current time right now, what do you think would hold value (aside from precious metals). I don’t think we’ll have a total collapse of the dollar right away, but just curious. (I know you’ll laugh by my relative has a bunch of wine that’s held in an escrow storage, and they have been selling them at wine auctions for pretty hefty premiums even in present day…Unfortunately, I’ve never acquired a wine snobbery so it doesn’t ring a bell for me..) I won’t hold you accountable for your wisdom opinion.

[Coronita]

[quote=Allan from Fallbrook]
I’m not saying you feel that there will be a wholesale collapse, either, but many of the folks out there shilling gold are. And they’re selling fear along with the coins. That’s why I keep saying that if you read history and find the proper analogies, they’ll lead you to an understanding that many other things possess value as well and will also survive the downturn.[/quote]

In your view at the current time right now, what do you think would hold value (aside from precious metals). I don’t think we’ll have a total collapse of the dollar right away, but just curious. (I know you’ll laugh by my relative has a bunch of wine that’s held in an escrow storage, and they have been selling them at wine auctions for pretty hefty premiums even in present day…Unfortunately, I’ve never acquired a wine snobbery so it doesn’t ring a bell for me..) I won’t hold you accountable for your wisdom opinion.

[Coronita]

[quote=Allan from Fallbrook]
I’m not saying you feel that there will be a wholesale collapse, either, but many of the folks out there shilling gold are. And they’re selling fear along with the coins. That’s why I keep saying that if you read history and find the proper analogies, they’ll lead you to an understanding that many other things possess value as well and will also survive the downturn.[/quote]

In your view at the current time right now, what do you think would hold value (aside from precious metals). I don’t think we’ll have a total collapse of the dollar right away, but just curious. (I know you’ll laugh by my relative has a bunch of wine that’s held in an escrow storage, and they have been selling them at wine auctions for pretty hefty premiums even in present day…Unfortunately, I’ve never acquired a wine snobbery so it doesn’t ring a bell for me..) I won’t hold you accountable for your wisdom opinion.

[scaredyclassic]

many other things will survive a downturn but you cannot put a million dollars worth of them ina briefcase and hit the road.

[scaredyclassic]

many other things will survive a downturn but you cannot put a million dollars worth of them ina briefcase and hit the road.

[scaredyclassic]

many other things will survive a downturn but you cannot put a million dollars worth of them ina briefcase and hit the road.

[scaredyclassic]

many other things will survive a downturn but you cannot put a million dollars worth of them ina briefcase and hit the road.

[Author]

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