Scott, you are quite knowledgeable and reasoned. However, that is also the flaw in your argument. Panic is neither knowledgeable nor reasoned. Cash, however devalued, will still provide the basis as a medium of exchange. Can you imagine buying a bag of groceries or a tank of gas with copper? How much copper is a pound of coffee worth? Even the term "worth" implies an amount of cash. While I do stockpile metals, the end result is to exchange it for cash.
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