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[znort987]

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[kokojie]

That's just returning to normal. The world has used gold as currency for thousands of years, only after 1971 gold lost the status. So gold really only lost the currency status for a little more than 40 years, it's just a period of abnormality. We will probably soon return to the norm of viewing gold as currency.

[Aahzman]

+1

this is why i've been starting to stockpile a small hoard of gold and silver bullion. when the world collapses into anarchy gold and silver (and probably other precious metals) will be king again/

[Arto]

That's just returning to normal. The world has used gold as currency for thousands of years, only after 1971 gold lost the status. So gold really only lost the currency status for a little more than 40 years, it's just a period of abnormality. We will probably soon return to the norm of viewing gold as currency.

+1. This is why reading history is so valuable: it frees one's perspective from the selection bias inherent in one's own narrow personal life experience (on this forum, almost certainly shorter than 40 years for most posters).

[dirtycat]

+1

this is why i've been starting to stockpile a small hoard of gold and silver bullion. when the world collapses into anarchy gold and silver (and probably other precious metals) will be king again/

Gold is awesome.. its only a matter of time(very soon) before it becomes ruler of all again.

[conspirosphere.tk]

"what history boils down to is that when the value of the currencies kept going down and down because the governments acted like they always do, the people who owned gold and silver (and got the hell out of town with it) did very well."
Mogambo sez:
http://mogamboguru.blogspot.com/2012/10/a-valuable-valuable-clue-as-to-what-to.html