Paper currency will always be around IMO - buying gold makes no sense and is risky

I find it odd that people make claims that paper currency like the dollar won't be around much longer and is often called worthless or junk.

I was editing my original post in Word and copied and pasted the wrong edit. The above sentence is what I meant to post.

Currency has no value other than representing confidence, when confidence goes AWOL the currency depreciates and you get hyper inflation making those paper dollars pretty much worthless, even more so when the printing press kicks in and prints limitless amounts.

Gold on the other hand, has an intrinsic value due to scarcity, if you want to be sure that you can buy something of value during the apocalypse like food, water or an asthma inhaler, you need something that also has a value.

The topic has nothing to do with value of paper currency versus gold value, but whether there will always be a need or use for paper money and that gold can be taken away at any time by presidential decree. Of course gold has value, but only if you can legally own it and others accept it for payment. By comparison, gold doesn't create anywhere near as many jobs as paper money does through the machines I mentioned.

OP is right, but remember OP you are preaching to Conspircitards. Take this response - GOLD HAS NO VALUE. How do we value it? In DOLLARS. It only has value because you BELIEVE IT HAS VALUE. It has NO USE beyond limited industrial capacities - but thats the same as paper from the trees we make money out of.

During the apocalypse which will never happen, goldtards only wish it would, no one will want your useless shiny metal. People will be trading food and ammo.

Yes.. there will always be a need for paper money, but what part of hyperinflation do you have trouble with understanding?

I have no trouble understanding hyperinflation, however, as with the person I replied to, that is not the subject of the topic. Try to stick to the subject of discussion. Gold IMO will never replace paper money as a means of currency in this day and age. I just don't see it happening. Plastic maybe, but not gold, and again, it can be taken from you at any time if the president decides to make it illegal to won so it doesn't matter the value if you can't own it. Hyperinflation has nothing at all to do with anything presented herein.

You obviously never heard of hyperinflation.

A good example is Germany :
1914 : 1$ = 4,2 Marks
1920 : 1$ = 42 Marks
July 3rd 1922 : 1$ = 420 marks
October 21 1922 : 1$ = 4430 marks
July 26 1923 : 1$ = 760 000 marks
September 7 1923 : 1$ = 53 000 000 marks
October 11 1923 : 1$ = 5 060 000 000 marks
October 22 1923 : 1$ = 42 000 000 000 marks
November 3 1923 : 1$ = 420 000 000 000 marks
November 20 1923 : 1$ = 4 200 000 000 000 marks

Agreed. Food, ammo, and water. Reminds me of that Twilight Zone episode where these guys had stolen all this gold and were in a cave in capsules in cryogenic state or something like that, and when they awoke, they could barely carry the gold with them and at the end, the last guy standing offered to trade it all for a drink of water 'cause he was dying of thirst. He couldn't know that by that future time they had discovered how to make gold and it had no value.

Of course gold will never replace money, that's not the purpose of buying gold.
For example you have 50 000$, you keep it on a bank account, if there is a big devaluation (let's say its value is divided by 1000) your 50 000 will be worth 50$.
But if with your 50 000$ you buy gold, if there is a devaluation you'll be able to sell your gold according to the new value of the money (50 000 000 in this example).

Enough of this. Let me ask you when you go to your local store, do you pay for goods with paper currency or with chunks of gold????I rest my case.

" you'll be able to sell your gold according to the new value of the money (50 000 000 in this example)."


Unless the government seizes it from you and pays you whatever the hell they want if anything at all. Could pull a Fidel Castro on us. Practically did in 1933....

" you'll be able to sell your gold according to the new value of the money (50 000 000 in this example)."


Unless the government seizes it from you and pays you whatever the hell they want if anything at all. Could pull a Fidel Castro on us. Practically did in 1933....

" you'll be able to sell your gold according to the new value of the money (50 000 000 in this example)."


Unless the government seizes it from you and pays you whatever the hell they want if anything at all. Could pull a Fidel Castro on us. Practically did in 1933....

Unless the government seizes it from you and pays you whatever the hell they want if anything at all. Could pull a Fidel Castro on us. Practically did in 1933....


Wow that was weird. The page froze and then three posts appeared with the same reply. Not intentional. GLP glitch I suppose.

Unless the government seizes it from you and pays you whatever the hell they want if anything at all. Could pull a Fidel Castro on us. Practically did in 1933....


I agree with that, that's why you should not buy gold bars because you're registred.
Instead you can buy gold jewelry and you're not registred.
But of course, you can do this with every goods not only gold.

The trouble with your reasoning is that you are presuming that society and the money system is stable, on the contrary it is not and cannot be so under the current money system, it is inevitable it will collapse, just like every other similar money system has collapsed in the past.

What we need is a new system that values the human being rather than greed, whatever system is employed there will always be a need for exchange of value, paper money is just a means to an end, it could just as likely be milk bottle tops if we decided it to be so.

What is important is how you value the person within the money system, if you do this correctly, you easily obtain a money syytem that is fair to all individuals and creates a thriving and prosperous well educated and healthy society with incentive built right in but minus the greed.

Digital money will eventually replace paper money - Central Banks are already creating digital money every time they print - but nothing is gonna replace gold as a store of value, anytime soon, at least.

Currency is in a long term hyperinflation.

20 dollars bought an ounce of gold 80 years ago.

Now an ounce of gold is worth almost 2000 dollars.

IOWs our currency has lost nearly 99% of its purchasing power and this slow motion hyperinflation will not stop as per Bernenke's 40 billion a month purchasing of mortgage debt with counterfeit credit amongst other counterfeiting.

To preserve your purchasing power buy gold and silver.

Your lofty ideals are silly without addressing the root cause. The psychopath and the need to tie them down and prevent then from having any lever of power over others.
Without addressing that your words are merely frilly self absorbed nonsense.

Yeah...they still using paper in Zimbabwe post apocalypse.

It's your thoughts that are lofty... lets get concrete..
you got $100.000 fiat.. you know hyperinflation is comming, and staying by the fiat is risky, what do you do?

Now we have some common ground to have a discussion regarding other concerns pertaining to value and security of what we think we own. Sadly, in the U.S., almost everything we think we own of investment value is subject to loss through government action. For instance, if the government wants your land, they'll invoke eminent domain and pay you whatever they can get away with and you lose what you thought was your property. There goes your investment.

What brought about this topic is that I have cash that I want to feel will provide some sense of security in the future and the more I thought about it the more I realized we're only as secure as the government will allow us to be in our possessions. Really got me angry. Like stocks, land is also subject to loss of value and many people have lost money in real estate. I coworkers that had thousands in stocks of our telephone company that we worked for and from one day to the next their $63.00 per share went to just over $3.00 yet I had all my cash life savings and didn't suffer a huge loss as they did because I didn't invest my money in those stocks. So at this point I'm thinking I may as well just hold onto cash.

Honestly, a big reason for this is that unlike before in Germany, there are as I said many jobs that depend on the use of paper currency and protecting that industry and the jobs could be enough to help ensure my cash will still have some value in the future. Hopefully cash (paper money), will not be subject to any seizure as was the case with gold. Silver might be a good alternative though, but they could make it illegal to own any precious metal I suppose. Ultimately as one other person mentioned, food and ammo will be more valuable than any money or gold if all hell breaks loose. Those and water.

This thread has FAIL written all over it, at least in the first to posts and headline.

Poor OP. Someone please show him a chart of what happens to ALL fiat currencies in time.

I'd rather find out what the sellers of gold and silver are doing with the paper money they're more than happy to exchange it for with the buyers. That's possibly what we should be investing in...

If paper money has no value, why are they taking it for their gold other than the premium over spot? What are they trading their gold for, platinum?

Without reading one of the above posts I can can make the following statement:

OP is an idiot.

People asking me why belong to his group.

Then why bother posting? The fact that fiat money fails at times hasn't brought about the use of gold or silver in all world history to date. What makes you think that will change? Germany was a prime example. They're using paper money aren't they. Your thought process is a major fail.

for clarity OP!

It's a business you moran. They earn money on the spread. You can betcha bottom benjamin these dealers are putting their earnings into their own stacks which are not for sale.

Romania???Poorest country in the world with an OBVIOUS IDIOT chiming in from a country where they can't even buy afford to buy a roll of toilet paper...