Thread: Fort Knox
View Single Post
  #33  
Old 06-19-2012, 03:50 PM
DocSavage45B10's Avatar
DocSavage45B10 DocSavage45B10 is offline
Gun Doctor
 
Join Date: Jun 2012
Location: DFW
Posts: 53
Default

Quote:
Originally Posted by rcaf_777 View Post
Lets look at the book WAR DAY for the answer to how Gold wouldbe used

The book says that the British are engaged in operations that the US has to pay for so the US transfers gold from the US Pile at Fort Knox to the British Pile

if that was to happen what country would like to have radioactive gold?
Even when there where gold coins, there were very few of them and their actual use was quite rare. Gold is just too darn valuable to use in everyday transactions, normally its like using a 1,000 bill to pay for groceries. There was a brief window in the US in the late 1800s through the early 1900s after the California and Yukon gold rushes when gold fell enough in price that gold coinage became somewhat common, but that was a particular set of circumstances.

As a backing for non-gold currency, even itself metallic (silver and copper are your usual suspects), the gold doesn't have to go anywhere, but move to piles that represent various banks. Even if the gold is hot, this matters only to the poor sods that have to move it.

In TW2K, there's enough gold commonly recoverable by mining the cities (jewelry, coin collections, industrial stocks, etc.) that anyone who needs gold coins can mint their own easily enough. And the only people who need them are those who can afford to mine the cities, IE already have food and arms and able bodies.
__________________
Living reactionary fossil says; "Honor is the duty we owe to ourselves, and pity those who have nothing worth dying for, for what is it that they live for?"
Reply With Quote