Investors Already Know

[Scythe13]

The pound will have to be devalued, replaced, or to have the amount in circulation drastically reduced.

The reason none of the other countries have lost faith or stopped trading in certain currencies is simply because we keep pumping the system full of fiat currency to keep us afloat. Scarily, this is the same reason why I WOULD stop trading in a currency.

The biggest problem is that there is no course of action that doesn't lead to an increase in the value of gold or silver, or any other precious metal. That's a problem because...well, it's not a problem for me. But it will be a problem for everyone that has not set aside a reasonable amount of precious metals.

If the pound is devalued, people will (if intelligent) go for more precious metals. If the pound has it's value increased, the prices of precious metals will stay the same, but their buying power increases. This is what I call........Scythe13's winning cycle. You can't lose, from how I see it (which may be wrong.......I say this for legal purposes, as my advice is not investment advice, and is given for entertainment purposes only......check out that legal spiel!!!)