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Old 10-17-2010, 07:49   #82
Join Date: Mar 2007
Posts: 76
[QUOTE=ElPasoGlock;16152964] Silver has some uses but gold has very few. It is difficult and expensive to mine, process, and extracting the gold produces tons of toxic waste.

You can't eat gold or silver and if there was no more economy I certainly wouldn't accept it as payment. The new currency of a devastated economy will be ammunition, food, water, weapons, antibiotics, or barter skills like blacksmithing, dentistry, medicine, etc. QUOTE]

The first statement is why is does have perceived value.

In the second statement, untill 1964, it was the basis used to make all payments in the US! There are many businesses and people out there today that have a green American dollar price and another one for pre64 silver.

I do agree with what you said in the balance of the second statement.
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