jetsby10

Five Questions on Gold for the House Banking Committee

".if you had a cellar full of food, would you trade it for all that gold?"

if I had a farm full of food, I would certainly trade it for some gold. An acre of land can produce thousands of pounds of berries. That's more than anyone can eat. What's a farmer to do? Sell it! Right now you barter for dollars. If the dollar gets creamed, you barter for gold/silver or you just barter by trading. It's obvious you would prefer to just barter with no money. I suggest you talk to someone who's lived through hyperinflation. I know 2 people who have. 1 from Bulgaria and another from Argentina. While it's great that you stocked up on food, it wouldn't hurt you to have some real precious metals in your pocket. The world does not end when your currency collapses. In fact, a black market forms for foreign currencies and the currency that has survived for 5000 years, gold.