Quote Originally Posted by Mick View Post
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.
A pound of coffee is worth EXACTLY the amount of Cu that a buyer and seller agree upon. No more, no less. If you crave coffee and I am indifferent about metals, the price will favor me. If I have an excess of coffee but wish to diversify into metals, you will have better luck....dependent upon your negotiation skills