From: "Tim" 
Newsgroups: uk.finance uk.media.radio.bbc-r4 uk.consultants alt.politics.british
Subject: Re: Where is the UK going?
Date: Sat, 10 Jun 2006 12:35:35 +0100

> "Tim" wrote
> > But why should someone accept your *gold*
> > later, rather than the dollar bills?  Effectively,
> > they are *both* just acting as an "IOU"...
> >
> > You can't really use either for any
> > [basic survival] purpose, can you?
>
"Robert Dunstable" wrote
> A dollar bill is a piece of paper (based on debt), the
> intrinsic value of a piece of a paper is virtually nothing.
>
> Gold *does* have intrinsic value...

Go on, tell us - what use does it have for basic survival?

"Robert Dunstable" wrote
> ... The supply is fixed (more gold may
> be mined but at a very slow rate).

After a total economic meltdown, wouldn't you
expect the supply of dollar bills to be fixed? ...
Or even decreasing, as they are not very durable!

"Robert Dunstable" wrote
> If the situation was really bad, gold alone wouldn't be much
> comfort I agree. But imho, it is the best bet for preserving
> what wealth you have through the coming shit storm.

*Only* if you can convince someone (who has something
which you want), to take the gold in exchange for it.

But why should they value it as highly as you do?
What could they do with it, if other people decided
that they wouldn't take it off them in exchange?

** Aren't you solely using it as an "IOU"? **

"Robert Dunstable" wrote
> Food, weapons, and tools might be of more immediate value to you.

Agreed.