On Wed, 07 May 2008 01:02:39 -0500, Retief
>On Tue, 06 May 2008 00:35:48 GMT, Myal hotmail.com> wrote:
>>NO post Katrina , superdome , people trying to trade jewelry for nappies
>>and feminine hygene products , no go , even if it was gold ...
>>OK , it wasnt logterm , but when you got problems here n now , who gives
>>a shit about long term ? its got to be dealt with here n now ...
>>gold is good for backstop , when civilisation hasnt crashed or is
>>restored again , but when things are primitive and people are relying on
>Yes, you now understand. Such a commodity (gold/silver) will be
>useful when people chose to move out of the "I'll trade you a pig for
>some dental work, Doc..." phase.
>>barter with common folk to get by ... yeah , hey , maybe folk around you
>>know how to split ingots and give change for stuff ut of it , but folk
>"Pieces of eight" -- same reason "two bits" is a quarter dollar (start
>with a sharp knife and the "pie" is suddenly 8 bits).
I suspect that some of the hostility to the ownership of PM
coins and their potential use in trade "after" is simply a
manifestation of the fact that the "you can't eat gold"
people don't have any -- probably because they can't afford
any, but also because they have been brainwashed by modern
economists into believing that PM coins are a relic of the
barbarous past, and anyone who suggests their purchase is an
evil and/or ignorant retrograde fool who wishes to destroy
the wonders of modern finance, or some such claptrap.
In the meantime, the wonders of modern finance are busy
destroying themselves as we watch. Trillions of dollars of
unmarketable derivatives, debt default swaps, special
investment vehicles, collateralized debt obligations, and
who knows how many other bizarre alphabet soup financial
instruments that have caused the near lockup of the credit
markets? That's what it has come to. And that's supposed
to be a safer, more stable monetary system than
commodity-based money? ROTFLMAO
The real threat these people will pose is not that they mewl
on and on now about the future uselessness of PM coins (that
being a minor irritant), but instead their likely reaction
to the belated understanding of just how wrong they were --
then they'll try to steal what they were too improvident to
acquire when it was still relatively cheap -- or they will
try to persecute those who did.