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Join Date: Nov 2002
Location: NJ
Posts: 30,085
Quote:
Originally Posted by GH85Carrera View Post
So if the dollar collapses, how will the stock be priced? Assuming the dollar does what Venezuelan money did, he has a bunch of stock of a company that mines gold. How are they paid to produce that gold? They have a thousand pounds of gold on hand ready to sell, how will it be purchased? Russian rubles or Chinese or Japanese money? Then what, they have a stack of that money that is likely unstable if the dollar has collapsed.

And when I go to the grocery store to buy food, will I have to bring my silver or gold coins and weigh them out?
My kids think I'm paranoid for doing so but I have silver ounces for just such a scenario.
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Old 08-17-2020, 04:41 PM
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