GOLD FEVER......Its a Sucky Disease......................

[p0lecat]

 Barry Ritholtz one of the leading yet misquoted GOLD experts is now being taped by the Chinese, Russian and Indian governments about what should they do about there GOLD stock piles. They didnt like the fact he said "I Dint Tell You To Buy In The First Place

Comments

[overbear]

Never understood what the big deal with gold is. There are much better things to spend money on that will last a hell of a lot longer and be more valuable in a worldwide economic collapse....firearms and ammunition!

[equinas]

Gold will be a huge deal in worldwide economic collapse. As well as firearms and ammunition, and horses!

[p0lecat]

Gold well fall back on its history of being a LOCAL denomination and the local economy well determined its value. Ever form of government that has failed before has proven this. Even during the Italian economic collapse during the 70s. Local villages were using gold and silver and the locals gave its value impart through bartering. The world governments didnt like this and started stabilizing Italy and then it wen through about 25 governments in about 40 years sense.

[equinas]

That's true, if only because we simply won't have international trade. We will be, for at least the short term, local communities trading with other local communities.