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Thread: Gold will be stupidly worthless in a hyperinflation scenario

  1. #31
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    Quote Originally Posted by mustang19 View Post
    Gold will be worth less than the copper pipe in your house. Copper is very useful and important gold is an utterly worthless luxury that began use as money 2000 years ago.
    There are some industrial uses of gold but otherwise I agree to a point that gold isn't the end-all be-all store of wealth solution.
    https://www.usgoldbureau.com/news/th...l-uses-of-gold
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  3. #32
    Quote Originally Posted by Bryan View Post
    Since 1982, pennies are 2.5% copper.
    https://en.m.wikipedia.org/wiki/Penn...of_composition
    There's more copper in a quarter. Hell, there's more copper in a dime.

    Quote Originally Posted by Bryan View Post
    There are some industrial uses of gold but otherwise I agree to a point that gold isn't the end-all be-all store of wealth solution.
    https://www.usgoldbureau.com/news/th...l-uses-of-gold
    Be-all/end-all? No.

    Worthless? No.
    'I prefer someone who burns the flag and then wraps themselves up in the Constitution over someone who burns the Constitution and then wraps themselves up in the flag.'--Molly Ivins

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  5. #33
    chocolate is going to worth a lot
    It was too weird to live, and too rare to die - hunter s. thompson .
    ..this is the darkest timeline..

  6. #34
    Those copper plated zinc penny's are next to worthless. Had one with a chunk corroded out of the edge, passed it off as $0.01. No idea what year it was, too far gone to tell, but it had to have been '82 or newer.

    Yep, Ronnie Reagan took your copper. You wuz ripped off.
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  7. #35
    PM’s, a good commodity.

    With all of the women running the world, in the workplace, at home watching Opera, on welfare... my commodity money is on coffee beans.

    Most of the gas stations are not serving coffee, due to the “pandemic”, but Duncan, Starbucks, Horton, etc., are still going STRONG.
    “The right to life is the source of all rights—and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product, is a slave.”

    Read the RPF trolls' playbook here (post #3)

  8. #36
    Quote Originally Posted by RonZeplin View Post
    Those copper plated zinc penny's are next to worthless. Had one with a chunk corroded out of the edge, passed it off as $0.01. No idea what year it was, too far gone to tell, but it had to have been '82 or newer.

    Yep, Ronnie Reagan took your copper. You wuz ripped off.
    Those new ones truly are worthless . The exposure to elements makes them disappear .

  9. #37
    Copper is 2.21 a lb and you can buy it for that , we just went through a 12 year period of growth with record tax revenue off record American earnings and copper never budged, Gold is 1622 an ounce and you cannot buy it for that , platinum is 726 an ounce and you cannot buy it for that , nickel is 5.06 , not sure about availability , aluminum is .66 cents and you can buy it for that , lead is .76 cents and you can buy it for that . Uranium 27.40 . Personally I intend to use copper for Buckshot pellets once paper dollars fail to stretch the lead . When things went belly up in the Balkans , 1970's German silver Five Mark pc's and gasoline were used as currency .

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