Maggie's Farm

Having lived in a country that has changed it's currency a number of times just in the past 100-years, we all know cash can become useless over night. As we saw with the Swiss Franc last year, currently manipulation also can occur literally overnight.

There are horror stories of German families returning to their homes after WW2 who gave away the family valuables (gold, rings, watches, etc.) to local farmers for food. A watch was exchanged for a loaf of bread, a gold wedding ring for a bottle of milk. There is still some old animosity towards the farmers for taking advantage of desperate people in this way.

Gold only has the value of exchange one puts it to. A $1,200 ounce ingot buys a loaf of bread? Doesn't seem like such a good idea. And as your government did in the 1930's under the Gold Reserve Act , it only takes a stroke of a pen to seize gold legally.

Not to mention, gold is not a form of currency or exchange anywhere in the industrialized world. Try taking an ounce of gold to the local hardware store and see what you can buy with it over the counter. They'll prefer your gold master card. And if the government bans ownership of gold and using it as a form of exchange, what's the point of having it?

Cash or gold...they're easily devalued and/or seized. I'm just waiting for the world banks to implement digital as the only as the means of exchange and to eliminate cash entirely. It's not a matter of if, but when. And most likely sooner than later.

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I suspect a kilogram of bread, a liter of bottled of water will eventually be worth many times more than gold!

A wheel barrow full of money for a loaf of bread...been there, done that!