Searchlight Innovations Inc T.SLX

RE: euro crisis

[farshooter]

So in this scenario I think all fiat currencies are screwed and gold and silver will do well.

Did you guys read the article on Zero Hedge yesterday by the blogger FOFOA? It really got me thinking to the concept of gold as money, not in a currency sense but as a storage of wealth in any new world financial structure. It's titled "Focal Point", Or is Silver Money Too? A fascinating read.

Here's an excerpt:

"I don't write about silver very much. Just like I don't write about copper or pork bellies. But, in fact, I have addressed many of the standard arguments for silver over gold in various comments on this blog and others. I'm sure someone will dig them out again and post links as people pose these arguments once again in the comments. But here's a new one. One of the argument for silver that we hear often is that it is "the poor man's gold." So I guess gold is "the rich man's gold." Well, what is the main difference between rich men and poor men? Is it that the rich have an excess of wealth beyond their daily expenses? In fact, the really rich have "inter-generational wealth," that is, wealth that lies very still through generations. The poor do not have this. So what do you think is going to come of all that "poor man's gold" that the silverbugs have hoarded up? Is it going to lie very still for generations? Or will it circulate, to meet daily needs? Note that circulation velocity is the market's way of controlling the value of any currency. Faster circulation = lower value. Lying still for generations = very slow circulation."

The link: https://www.zerohedge.com/article/fofoa-golds-focal-point-or-silver-money-too