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A dollar devaluation coming? What will happen to the price of PM?

Bob Chapman, on Alex Jones’s show, said he thinks the rug will probably be pulled within the next year and a half and the dollar will probably be dumped by an official dollar devaluation, giving the dollar a 2/3 haircut - one new one for three old ones. The new one being a world currency. It will come about through a coordinated debt default, a revaluation of all currencies against one another whereby they will probably chop off 2/3 of the the debt. Alex thinks they will only forgive the debt of the big institutions and globalist groups while increasing our taxes, putting us in a worse position than before the bailouts and stimulus. I think they may sweeten the pot to entice people to acceptance.

QUESTION: What do you think this new currency scheme will do to the price of gold and silver?

For those of you who think the new currency will be backed by gold and silver, remember the euro started off at 15% backing and is already down to about half that - come into my parlor said the spider to the fly. Besides, the IMF is selling off 1/8 of their gold. I think our best hope of prevention is an audit that gets at the Fed's dealings with the IMF.

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Ha Ha You're funny.

I already tried the groceries for Gold at a local super market. A tenth of an ounce is now worth over $100.
The checkout lady said the store does not accept Gold but if you wait till I go on break I'll buy your Gold for dollars and you can pay for the groceries with that, she said.
Also my dentist will trade dental work for Gold.

So, lets ask a producer if they would accept Gold or Silver for their products, since it would be up to a producer what kind of money they'd accept.

O.K. I produced Honey for over 20 years and sold it directly to the public.
I based my prices on my costs in dollars of producing the Honey.
For many years I had a standing 10% discount on all Honey purchases priced in dollars but paid for in Gold. The Gold discount was based on the daily spot price of Gold.

The Gold I accumulated when Gold was around $300 per ounce is now worth about $1,000 per ounce while my dollars in my bank account and everything else I own except my Honey in storage, including my local real estate have gone down in dollar price and value.

Please listen to what 74 year old Ron Paul says.
The dollar has already lost 96% of it's value since 1913. He expects it to lose so much more value that it will be replaced.
The truth is Gold/Silver has and does serve as the "BEST" form of money, and unbacked paper money always loses value to goods and services.

beesting

Exactly

I'm going to the farmers' market today. If I walk up to the potatoE guy with a gold AE, not only would he sell me every potatoE, he'd happily load them in my truck and go home early to watch some fruitball. When the SHTF, Kroger will be empty, anyhow. I could care less if the 15 year old cashier knows what gold did overnight in the Asian market. Store CLOSED!

Barter for toilet paper

That's exactly what your FRN's will be worth to the guy with the 'maters.

Hmmm...what have we learned in 6000 years?
Gold = money...always.
Paper = zero...eventually.

1901 and today...
$20 double eagle gold piece: still worth 4 shopping carts full of groceries.
Paper fiat $20 FRN note: 97% loss in purchasing power. Might get one pizza delivered.

2001 and today...
Gold is up 300%
Fiat is down 30%.

BTW-
The dollar isn't pegged to oil, gold or Obama's birth certificate. As an instrument of debt, the dollar is pegged to YOUR real estate assets, your financial tax burden, our military/bases, highway infrastructure, waterways, hospitals, airports, rail system and the natural resources suspended in our state and national parks. Oh...don't forgot about your children (sex slaves). You have not only been marginalized, but collateralized. Good thing though; everything in your house is made in China...they're gonna feel right at home! Don't forget to leave 'em the SKS and the rice cooker.

You should also take a look

You should also take a look at this.

http://www.youtube.com/watch?v=7IfyXyu7xNI

You couldn't have bought

You couldn't have bought that last seat on the Titanic with all the cash in the world either. I'll take my gold and silver over your worthless federal reserve note any day of the week.

you need to listen to

you need to listen to this..

http://www.dailypaul.com/node/108720

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

Secede

I don't want to think about them any more.