If the US defaults on its debt, even for a little while, what commodity's value will raise the most?

[Poll_Blind]

If the US defaults on its debt, even for a little while, what commodity's value will raise the most?

[fascisthunter]

1. interesting poll.... thanks!

[Poll_Blind]

2. Yeah, I'm very interested in what the general thought is among DUers.

For me, I'm thinking Precious Metals but I'd love someone to come in here and say "You know, that's what you'd expect but actually..."

And so on.

PB

[fascisthunter]

4. exactly what I'm hoping for too

I'm learning.... I started buying precious metals 5 or so years ago.

[sendero]

12. I think.....

..... PMs and oil. The rise in oil prices and PM prices has been highly correlated to the drop in the value of the dollar against other currencies. If there is a default, I expect the dollar to drop precipitously and the correlation to hold.

[theophilus]

3. Surely no one knows. If they were pretty sure gold would go up then, gasp,

members of the ruling elite (or government "empolyees") could buy lots of gold and then let the country default or just look like it might. They could profit hugely from their own votes/lack of votes. That wouldn't be right so I'm sure that won't happen. Right.

[Demeter]

5. Even if Gold goes up--are you going to sell it for Dollars?

I don't think so. Save it for a medical emergency, or the last boat out....

[Poll_Blind]

8. Yeah, I was trying to figure out a situation where I actually had gold or silver or whatever but....

...how to convert that into something which might not necessarily be dollars. Like Suisee Francs or something...

:shrug:

PB

[patrice]

6. Listening to one of my computer scientist nephews last night, at a pre-wake wake, and I'm

wondering if the answer wouldn't be the Rare Metals that go into technology, as we fall like a mill stone from whatever place we hold in the IT revolution, and one or more of those under us, tool up, and rise to take our place.

[Poll_Blind]

7. .

:kick:

PB

[taught_me_patience]

9. Other - Ammunition

If the US defaults and the economy tanks, it'll take gold and other commodities along with it.

[sendero]

13. Ah, the old Au Ag Pb..

... theory :) I like it.

[Creideiki]

10. Energy, no contest

Default on the dollar and OPEC will follow the push toward trading in Euro. The only thing keeping us afloat is that everyone needs US Dollars to buy oil.

Then again, if the US defaults on its debt, even for a little while, it will be hard to maintain the Union.

[adigal]

11. I think it will be precious metals, but I read a book about 10

years ago, called "Alas Babylon," and in it the US had been mostly destroyed by atomic war. The people who were left were giving away Cadillacs for some coffee and of course food and ammunition were important. One thing they ran out of and had to go find was salt - you never think of salt, but we need it to live!! So I will take grains.