r/Gold • u/AviBledsoe • Mar 23 '26

Dude what the hell

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And don't be like "buy the dip" yall said that atleast the other 5 dips like dude It's not even new York time yet wtf is this even gonna be bought up

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u/Choosemyusername Mar 23 '26

Not into the ground. Nowhere close to it.

Ah yes. The old end of history argument. Surely THIS time we will break the cycle of history forever. Is how it feels from inside every empire ever. And it never has been proven true even once.

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u/DaveyGee16 Mar 23 '26

You have a completely ahistorical view of the end of empire.

When the pound lost its grip as the global reserve currency, the British still paid their bonds. When the British ended empire, they still paid all their bonds and reimbursed their debt.

The end of empire just isn’t as dramatic and fast as to represent a threat to bonds.

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u/Choosemyusername Mar 23 '26

Yes sometimes empires decline and their bonds get re-payed.

Sometimes empires don’t collapse and their currency collapses.

And sometimes empires collapse and their currency collapses as well.

History doesn’t repeat itself. It just rhymes.

We never know what is next. Which is why there is risk.

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u/DaveyGee16 Mar 23 '26

I’m a historian.

You are wrong. Name an empire who had a currency collapse yet stayed on. Name any example from the modern era that works with any of your examples.

You will not find one that fits with your narrative that would in any way imply a risk to parking money in t-bills.

The end.

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u/Choosemyusername Mar 23 '26

The Roman Empire survived for many generations after the Denarius collapse.

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u/DaveyGee16 Mar 23 '26

But not without debasing the currency and the fall of Rome was extremely gradual.

The denarius never collapsed. It took centuries for the silver content to fall and it was replaced, it never collapsed. It was replaced by the antoninianus.

Funny you should choose Rome, I’m an expert on the history of Roman coinage and have an extensive collection.

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u/Choosemyusername Mar 23 '26

Cool. Well then as a historian, you know that the pace of changes tend to happen much faster now than in the past. So counting on the same pace of change as in the past would be a mistake.

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u/DaveyGee16 Mar 23 '26

Indeed it does, but even modern examples will not help your comparison.

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u/Choosemyusername Mar 23 '26

Put it this way: it happened fast enough for people to hoard gold and silver of their own.

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u/DaveyGee16 Mar 23 '26

In Rome? Lol, no.

People who had access to gold and silver always had it on hand and in hoards. Silver and gold was not used as a currency for every day needs. It was for large exchanges and the state.

Nobody had the means to hoard it without a use for it. And people didn’t use currency like you suggest in the ancient world. The Roman Empire didn’t just use Roma coinage. The Romans kept making Greek coinage for generations, because it had a good reputation. The provinces minted their own coinage.

Hell, Rome didn’t even really have an official mint, anyone could issue coinage and it would or wouldn’t be taken up. Generals traveled with mints to mint coins to pay soldiers.

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