TSX:LSG.DB - Post by User
Comment by
lornon Nov 16, 2005 9:31pm
181 Views
Post# 9878879
RE: jim16640
RE: jim16640Jim. Your post IMO is pretty much close to the truth but this part>>>>
....."neato.....so the dollar goes down the toilet...the business selling their physical products to usa get worthless paper...and every one dumb enough to be holding usa treasurey bills and bonds gets additionally screw ed by finding the value of these financial promises becoming less value by the second."...
It is my hope that the dollar does not crash and become near worthless..I hope for an organized and controlled fall in value and an equal rise in the POG.
Lets say for the heck of it that the US dollar crashes. What fait currency in the world would be worth anything....If the worlds reserve currency fails what paper issued by bankers would have the confidence of the citizens of the world?
No question gold would be worth a fortune but what would we sell our gold LSG shares for if paper money crashes.