On Oct 2, 11:17*pm, RHF wrote:
On Oct 2, 5:33*pm, Nickname unavailable wrote:
- - On Oct 2, 7:00*pm, John Smith wrote:
- - And, for you, I am sure, I will have to point out,
- - that IS called inflation!
- - *It is a most practical example too.
- - Regards,
- - JS

- the gold standard has never stopped inflation,
- nor a currency collapse.

But Gold Itself Has NOT Collapsed : Just the
worthless paper currency.


sure its collapsed. if the paper it backs goes down in value, so does
gold. see 1930. it collapsed in the early 1980s also. explain that
away


Something of Value Will Retain It Value
and Be Of Value.



maybe, maybe not. you have to be able to sell your asset, and a lot
of assets are not selling well today.


Currency exists as a medium to easily and readily
Acquire Something of Value. Currency is a Means
to an End and the End is Always Something of Value.



and it does not need to be backed by gold to attain this.

Gold Can Be Something of Value provided that
someone has everything they need and wants
some Gold in exchange for something they wish
to sell for the Gold.



i could say that about baseball cards also.


Would You Sell :
Your Last Bottle of Clean Water for Gold ?



Would You Sell :
Your Last Loaf of Bread for Gold ?

Would You Sell :
Your Last Chicken for Gold ?

Would You Sell :
Your Last Box of Matches for Gold ?

Would You Sell :
Your Last Package of Vegetable Seeds for Gold ?

Would You Sell :
Your Last Fishing Hook for Gold ?

Would You Sell :
Your Last Gallon of Gasoline for Gold ?

Would You Sell :
Your Last Gun and a Box of Ammo for Gold ?

yes there are times when gold has little or no value
-wrt- the necessities of day to day survival ~ RHF
*.
*.

if you believe that the country and currency will collapse, and its
possible. gold will do you little good. food and ammo will be better
assets.