#117-Gold will never be currency any more than will shares in the Royal Bank. Give it up. — Garth

in a doomsday scenario gold will act as money, otherwise you’re right, no one is going to want to trade precious physical gold when a piece of paper is accepted instead. the question is, will paper gold replace paper paper? in other words, will the future currency be backed by gold. I say yes, at least to some degree.

There is a business owner in the states who pays his employees with circulating US gold coins, over many years he paid out over 100 million, problem is, he paid his employees the face value of the coin, but the real value was much higher, but the employees only reported income at the face value of the coin thus getting the attention of the IRS, so far he has been successful in court. The Gov is arguing against its own stamped value on the coin, perhaps it should also argue about the stamped value on its paper bills too.

So what is face value? It is nothing more than a suggestion!!! there are many places in the world where US dollars do not circulate at face value, and im not just talking about the usual fees for conversions, and in fact some places have stopped excepting them all together, so is the US dollar a currency in those places? yes it still is, but a devalued currency, right or wrong anyone can proclaim what something is worth, the stamped number on a piece of paper is not absolute, unless enforced by dictat.

The future for the current incarnation of the US federal reserve note will be ZERO perceived value, and it will be accepted nowhere. God help the “safe haven” bond holders.

Garth I am accepting your gold for food, fuel, Bank of Canada reserve notes or anything else you want to buy. I will pay you spot gold price, and i can introduce you to many of my friends who will also want in on that action.

I am not a fool as you think I am. I just don’t accept the world as you and I know it as legitimate.
It is a criminal enterprise out to rob and kill good men in the name of power and profit.
When they chip the population to facilitate commerce and identification and to eliminate physical money do you think that system will be honorable and legit even though all participants will burn in hell for it? Those who control the banking computers will have absolute power over every aspect of life. Who lives and who dies would be at their discretion. That is the world the phoney money worshipping bankers and politicians have planned. Is that the kind of world you want to see?
A satanic totalitarian hell?

Your call Garth.