Reply #11: Thank You - But If The Dollar And/Or Euro Lose Value - What Good Is Going Into A Bank..... [View All]

[global1]

and cashing it in? You are back to dollars or euros again. I can see buying gold as a hedge to the weak dollar - but if the dollar crashes and all I have is gold - how do I use it? Again - I'm not trying to be funny.

You talk about many Europeans are tempted to sell. That's because there still is a market for euros to gold and gold to euros or dollars to gold and gold to dollars.

But if the currency fails and the dollar becomes virtually worthless - how do I then use gold?

And in the commercials I hear promoting the purchase of gold - it appears that you are buying gold and someone is holding it for you. How can you trust these gold holding houses. Again - if the currency fails - how are you going to get your gold from these houses?

If I have a Krugerrand in my pocket and I want to buy something with it - if the common currency of the country has failed - how do I use my gold?

It's not like back in the gold rush days where you could walk into a general store and pay in gold dust being weighed on a scale. Is it?

Again I'm not trying to be funny. I just don't get it.