Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: blam

For some time now I have wondered about the real value of gold it things really collapse. If there is no economy and little prospect of one coming along soon, I would assume that gold would be valued at next to nothing. What would the purpose of gold be under those conditions? I would think bartering items like clean water and systems to make it clean, food, seeds and related items, guns and ammo, tools, first aid supplies, alcohol, gasoline and other items wold be valued much more.


5 posted on 08/08/2012 5:34:00 PM PDT by Dutch Boy
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Dutch Boy

This gold question bothers me. I tend to think that bottles of wiskey may be a better medium of exchange than gold. I can picture talking to a service station bartering a bottle of whiskey for 3 or 4 gallons of gasoline.


19 posted on 08/08/2012 6:36:23 PM PDT by Citizen Tom Paine (An old sailor sends)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: Dutch Boy
What would the purpose of gold be under those conditions?

As the value of the doallar tanks, the value of gold will skyrocket. Best to get it now while you can and bury it. For gold is not useful as a barter item or anything of the sort when the SHTF. Its only use is to allow you to buy back in when the economy rebounds and things approach normalcy. It is asset protection. A guarantee of liquidity after all is said and done.

49 posted on 08/09/2012 6:41:44 AM PDT by Bloody Sam Roberts (As long a hundred of us remain alive we will never on any condition be brought under Obama's rule.)
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson