Quote from: Giraffe.BC on July 09, 2011, 05:08:45 PM

You and your "OMG the USD is dooooomed!!!" brethren are just spreading FUD based on wishful thinking and a fundamental misunderstanding of basic economics.

I don't think there are a lot of people wishing for the complete and utter demise of the USD as that will have global consequences. Nevertheless, it's a real possibility the way things are going.

Quote from: Giraffe.BC

And probably more than a little greed, as I'm guessing many of you bought gold at absurdly high prices in anticipation of a collapse that's never coming.

You might be right on the second part, a collapse can be prevented by what they are trying to do right now. Raise the debt ceiling and socialize the debt. (Most) US citizens will earn less and less and move towards Chinese wages/standard of living ($2000 a year or something, last I heard). This basically means a reinstatement of feudalism, citizens will work for food and a place to live with little chance of saving anything, just like the Chinese factory wage slaves do now. It's possible, and seemingly in progress already, but obviously not exactly desirable.

Investing in gold will not prevent any of that BTW, there will be plenty of laws to divest you eventually. Maybe there is a chance if you settle elsewhere, provided they don't manage to do the same there. Learn Chinese possibly