On Oct 2, 11:54*pm, John Smith wrote:
On 10/2/2010 9:17 PM, RHF wrote:

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

Whenever gold has no value, only food, shelter, water, clothes, etc.
will continue to have value. *But as soon as their is a desire for
money, gold is king.


cash is king today. its in shortage. people want it. if gold was so
desirable, all extra stocks would be exhausted by now.

*Not only that, but you can bury gold for an
eternity and dig it back up and spend it. *Paper money will deteriorate
rather quickly ... again, gold is king.



how many people are willing to bury their gold for decades cash is
king in a deflating economy.


But, I suspect you waste your time ... this idiot only argues for the
sake of "being right" ... it has no bearing on if what he says is even
close to correct, or not.



that still does not refute what i have been saying. gold is
deflationary in nature, gold has never stopped a currency from being
debased, gold has never stopped inflation, gold and silver have caused
inflation, gold can make a recession, into a depression. cash is in
shortage right now, cash is king, the owners of gold, will gladly sell
you their gold, for your worthless little pieces of green paper, in a
deflating economy, you might be forced into selling your over priced
assets(gold), at a reduced price to raise scarce cash to pay your
bills. refute them.

Regards,
JS