View Single Post
  #61   Report Post  
Posted to rec.crafts.metalworking
cavelamb cavelamb is offline
external usenet poster
 
Posts: 1,536
Default OT-Rejecting fiat currencies

Ed Huntress wrote:
"cavelamb" wrote in message
m...
Ed Huntress wrote:
"cavelamb" wrote in message
m...
Ed Huntress wrote:
"azotic" wrote in message
...
"Ed Huntress" wrote in message
...
And the thing that worries me about gold is the possibility that some
day, when things are really rough, people are going hungry and
reality sets in, they may start looking at their piles of gold and
realize that not only can't they eat them, but that it's really a
crummy, soft, and heavy metal that isn't good for anything except
bullets and sash weights, unless the economy is perking along. A
little reality would really knock the hell out of the market.

A lot of people who are buying gold are in for a sleighride, as
always happens. Like any speculative commodity, it only looks good
when you get in on the way up and get out before it goes down.

Now, corn or soy beans...at least you could eat them in a pinch. d8-)

--
Ed Huntress
But when the **** hits the fan gold maybe the one of the few
commodities
that will get you some corn or soy beans and you get to cook them
using
all your script for the heat source.G

Best Regards
Tom.
Maybe. But there's always a chance that the human race will wise up and
realize it's just about useless for almost anything that matters at
that point. d8-)

Ding!

We have a winner - and it's Ed (again).

If we let the lights go out, NOTHING is going to matter.

Game it out, Ed.

How far back would er fall?

National anarchy?
Return to sovereign states?
Return to rural subsistence?
Nomadic hunter gatherers?

Or would rampant diseases knock us back to the stone age?
My best guess, and I mean this seriously, is that we'll revert to mowing
our own lawns and to buying our Halloween candy at Wal-Mart.

Otherwise, we might stop buying Mobil 1 and get back to basics with
Pennzoil.

Seriously.

Ed!
You are an optomist!
I never suspected.

Good attitude, too.
I'll hold you to it.

Richard


I just look at US history and look at what's happened to all the Chicken
Littles.


Chicken Little is a good proverb.

But there is also the Boy Who Cried Wolf...