Quote:
Originally Posted by tabs
Since the DAWN of commerce GOLD has been the UNIVERSAL medium of exchange..IS ANYTHING DIFFERENT NOW? Buy the physical asset, the one you can bury in the back yard.
Let me take a moment to RANT here...Exactly WHAT IS DIFFERENT ABOUT THIS TIME IN HISTORY THAT MAKES ANY ONE THINK THAT IT IS DIFFERENT THIS TIME> THAT YOU CAN NOT EAT GOLD, THERFORE IT IS NO GOOD AS A MEDIUM OF EXCHANGE. Gold over mans history along with Silver has been a PORTABLE means of exchanging value. IT IS ABSOLUTLEY STUPID TO THINK OTHERWISE.
In all actuality it is the powers that be that want the public in general to THINK that the PAPER currency is the only viable means of exchanging wealth. They promote it...and the gullibel have bought it hook line and sinker...welcome to digging in the garbage pail for your next meal. Thank You this message was brought to you by TABS
C
|
In an immediate crisis, someone is not going to give up food, fuel or water for gold, unless they have excess.
Later, as trade re-develops, gold and silver will certainly be needed. It will be the exchange medium, along with barter. Remember, barter in a small community was used more than gold. People kept books of what they did for each other.
Thinking about things, low level labor used to be a dollar a day. So, it would take about 25 days for 1 oz of gold, or better said, a years worth of basic labor (6 days per week) was about 12.5 oz of gold. At 5 days per week, this would be a little over 10 per year which is $16,000 today, or about $8/hr.