Whatever the currency d'-jour happens to be. This falling of fiat is a slow process. There will be something available for transactions, whether it be Dollars, Euros, Yuan, a basket of fiat, who knows.

The point being that if someone with gold needs to buy something, they will be able to buy it. If the exchange doesn't take place with gold directly, then the gold seller will sell an amount of gold, receive the current currency and immediately exchange it for the item he wants to buy.

Remember, gold retains it's purchasing power, no matter when. Gold will buy the same amount of a product no matter what the currency of the day happens to be or how inflated it is at the moment of exchange.

Let's assume a loaf of bread (assuming wheat is available) cost $1000US some day. I'm sure a small piece of silver could be exchanged for $1000 to buy that bread.

After all, what's the point of owning gold and silver if we can't exchange it for what we need? I don't own gold and silver just because it's pretty. It's my insurance of hopefully surviving by being able to spend it when necessary. Of course, if there's simply nothing available to eat at any price, then gold and silver won't mean much anyway.

I sure don't see a traditional retirement in my future, and I'm 60. There's not going to be anything normal in a few years. My present goal is to survive until at least Dec 21, 2012. I at least want to see what the Mayans knew.

Terry