Scary Gary: How to Sell Your Gold Coinsgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Scary Gary: How to Sell Your Gold Coins
"You can always use your coins to buy food. Go to your neighbor. Tell him you are starving to death. He will then sell you food for pieces of yellow metal.
Then again, maybe not. "
-- hamster (firstname.lastname@example.org), November 11, 1999
But Gary, I thought you RECOMMENDED having tangible gold as a medium of exchange? Now we are to be totally self sufficient or, at the most, use barter? Personally, I have a garage full of Oreo cookies--I think they would make an excellent currency.
-- (email@example.com), November 11, 1999.
That's a pretty gruff answer, but I suspect that North is probably getting as tired of this stuff as any of us. North has repeatedly conjectured that the payoff for having gold and silver will come post-Y2K in a re-build stage, where cash has run it's course and bartering is the norm, at which point precious metals come into play for "advanced" bartering. (Hence his position that small weight coins are best, as they will yield the maximum transactions per ounce.) The question asked strikes me as being equivalent to, "If the worst Y2K scenario comes to pass, how will I be able to take my annual vacation to Disneyworld?"
-- Jack (jsprat@eld.~net), November 11, 1999.
I find this comment from Gary North odd in that he has consistently advocated the purchase of gold ("take delivery") in 1/10 American Eagles, as part of disaster planning. I suppose he means gold is useless without guns.
-- Count Vronsky (firstname.lastname@example.org), November 11, 1999.
Huzzah to that last comment about the guns. Any currency that you can't eat, burn or sleep under is worthless without an agreement as to its value. Most of us have forgotten, but the concept of a "precious" metal only applies if there's a demand for it. The original demand for gold/silver was as a decorative luxury. Note: LUXURY. It was only much, much later that it became a standard, and that standard was enforced by, well, force, because it was worth the while of those who owned a lot of this luxury to oblige others to accept it as a standard currency.
Even in relatively structured and luxury-rich societies like 0BC-ish Rome, precious metals weren't habitually used as currency except in the centre of the empire. Don't believe me? Find out what "Worth his salt." means.
-- Colin MacDonald (email@example.com), November 11, 1999.
It's been announced the break through in molecular nano technology is about to happen. The coins and cash will be worthless.
-- Paula (firstname.lastname@example.org), November 11, 1999.
Please explain "nano technology" and connection with purchasing power of money.
-- Not Whistlin' Dixie (email@example.com), November 11, 1999.
Yea,right,I'll trade my land and the fullness of it for your gold. HaaHaaHaa HeeHeeHee Ahaaa haaa.Get A life!!
-- out standing in my field (firstname.lastname@example.org), November 11, 1999.
y r replies being deleted??? sad sad sad!!!
-- jus wundering (email@example.com), November 11, 1999.
What a short memory. North has recommended gold and food and water, yadda, yadda, yadda. Gold is a storage of wealth. Gold is not an "or" in reference to other preps. Gold is an "and".
-- enough is (firstname.lastname@example.org), November 11, 1999.
I believe Ms. Chowbabe is referring to the fact that gold could possibly be manufactured artificially via direct atomic manipulation.
-- Count Vronsky (email@example.com), November 11, 1999.
What a short memory. North has recommended gold and food and water, yadda, yadda, yadda.
Actually, North has been pointing out the limitations of gold for some time now, such as here.
Gold is a storage of wealth.
When TSHTF in less than two months, gold will be a storage of nothing.
-- Tod (firstname.lastname@example.org), November 12, 1999.