Re: Credit Card Crash: A true story

On 28 Apr 2006 17:40:31 -0700, "Too_Many_Tools"
<too_many_tools@xxxxxxxxx> wrote:

"There's always gold, but it's not yet practical to use for everyday
transactions."

I am curious....it sounds like you think it will in the future.

Is this in society as we know it or after TSHTF?

As I have said before, I believe gold is useless...

Its usefulness lies in the fact that it is highly valued by
(other) people, if not by you, is fungible, and is therefore
a concentrated form of wealth that can be used as a medium
of exchange. Having such a concentrated form of wealth
might be very useful. I just finished reading a pretty good
(and, so far as I can tell, accurate) historical novel about
the struggle between the Anglo-Saxons and the Danes for
control of what became England. It describes a society
almost completely bereft of what we would consider law and
order, and what did all those people favor for use in trade?
Gold and silver coins. Why are you so certain that "the
next time" will be so different from every such previous
time? Has human nature fundamentally changed? No, you just
have very little understanding of life before (or after) our
current FRN, ATM, check, and credit card economy.

it will be if you
want to trade with me.

So you won't be willing to trade using what will surely be
the most popular post-SHTF media of exchange, precious metal
coins. This might put YOU out of the "trade loop," instead
of putting other people out of that loop. Have you ever
even considered that possibility? Do you understand the
concepts of concentrated wealth and media of exchange? Do
you know how big, and heavy, $650 worth of AAs are, compared
to $650 worth of gold coins? If not, I suggest you check
out the commodity pages, the prices on AAs at the local big
box, and do the math.

I would rather have a handful of AA batteries than a handful of gold.

I'll gladly give you a several pounds of AA batteries in
exchange for even a couple of Gold Eagles. Heck, I'll give
you a handful of AAs for a handful of Silver Eagles, if you
prefer. And yes, I'll do that AFTER the SHTF, too. It'll
have to be in person, though, as I would be somewhat leery
of a long distance trade with someone offering such a
lopsided deal. "Too good to be true," comes to mind.

--
Robert Sturgeon
Summum ius summa inuria.
http://www.vistech.net/users/rsturge/
.

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