(March 22, 2015 at 9:30 am)Huggy74 Wrote: its quite simple, they forced people to sell off their gold which has real value in exchange for fiat currency.
This shows you have no idea what you're talking about. If a law was enacted tomorrow making gold our currency guess what happens? That's right, gold would then be our fiat currency. I'm willing to bet you get your economic information from the doom and gloom global catastrophe prognosticating gold peddlers on the radio sandwiched between the buckets of food storage and fallout bunker concrete salesman.
Anybody using 'fiat money' as a pejorative are either ignorant like yourself or are intentionally scaring gullible preppers into buying their gold. What is your plan to manage the deflationary crash that would occur if we adopted a gold standard tomorrow? If you don't know what I'm talking about then you are woefully unprepared to have this conversation.
I couldn't help but notice you didn't wan't to take me up on my offer to buy your near worthless dollars.
