Originally Posted By: sheldon
I suspect the problem may be harder than just converting dollars into gold. If US currency becomes worthless and the economy tanks, stuff will not be manufactured anymore, so you wouldn't have anything to buy with that gold.


I agree. My story is that I've been removing myself from any influence of western banking little by little for a long time now. That basically means living a simpler life in the country and providing more of my day to day needs myself. If the price of eggs goes through the roof, it doesn't really affect me anymore. If some banks collapse, no big deal for me. So in that sense, it's not really about the convertibility of gold it's separating yourself from a system that is failing miserably.