Quote:
Originally Posted by historycircus
Can the purchase of precious metals now somehow alleviate the financial collapse of the future? For those with short term visions, are China and Russia in talks over returning their currencies to a gold standard? Will that happen?
For the long term visionaries, will gold or silver get you anything in a "radiant zone," beyond a nostalgic giggle?
More questions for the inclined, no disrespect intended.
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This thread has been very uplifting to me. Thanks to all!
My thought on gold is similar to what history-circus posts above; it is just another "currency" which the majority has agreed has value. However, you can't eat it or use it to shelter so, to me, has no REAL worth.
However, I would concede that going back to a gold standard may be a transition step in our search for a better way of doing things.
I really hope that we can transition ourselves out of this mess rather than experience a total collapse. Time will tell but with guys like you on the team, my spirits are high.
I wonder if we could take this discussion further - on some kind of virtual conference or some-such medium? I sense the beginning of a prototype community amongst the posters on this thread...