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silverengelhard's Last 20 Posts
| A Question If There's A Financial Meltdown.
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silverengelhard
New Member
Canada
14 Posts |
 Posted 01/01/2020 09:00 am
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| I have heard the warnings of a financial collapse for many years, so I am somewhat immune to the speculation. Since we have had not a financial collapse in many decades, and given that our society has been radically transformed by technology, it's not clear what role gold would have in a collapse. Bare minimum, gold will remain a store of value that allows people to maintain their purchasing power. Silver could be used locally for bartering or trade. I think that precious metals would be held as reserves by the elites, and the common people would simply barter until the financial system is rebuilt. |
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