This is a very difficult scenerio to assess, if all goes to bananas with a panic over the value of USD... 1-) Do you think a come back of the gold standard is possible? The problem is when US will be hit by super or hyper inflation, they will need to devalue their currency heaps...So the world (I hope) would not allow US to reestablish the gold standards based on a highly devalued dollar...Euro and Yen would easily follow USD's devaluation...This leads to the 2nd question: 2-) At what currency's level would the gold standard make a come back? In other words which currency would remain calm and stable, and closest to the value of gold in a SHTF scenerio... 3-) How do you think this will affect Australia, AUD will get devalued for sure but to what extent do you think? To the extent that we wont at least the keep the value of our bullion investment costs today? 4-) What would the come back of the gold standard mean for silver? A come back of the gold standard scenerio, although quite unlikely might become the last resort to establish financial discipline in the world. Wondering what your perspectives are on this issue... Sky
If anything will happen, it will become digital. Nothing but digits on a screen backed by what? Cards & implants to do your daily dealings. There would be a backstreet/ underground system that will deal in other ways. Imagine the trouble when the electricty grid crashes. ALWAYS keep something of worth with you that can be traded.
Aren't the Chinese suggesting the Yuan as a reserve currency which Guitner has confirmed? And isn't China currently one of the the largest purchasers of gold/silver? Just my 1/10 oz worth. Peace
