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If the metals are being bought for a Doomsday scenario with thoughts of bartering for food, one's money would go further buying and stocking rad-sterilized food in the first place. And ammunition.

Suppose you bought an ounce of gold at today's price of $737.10. Will it be worth $1,000 when you liquidate it? There is at least as good a chance it will be back to 400. Look at the last year's changes in base metals for an example of volatility.

But if there is a Dooomsday scenario then the US$ will become worthless and will not appreciate relative to gold.

And while you are right that gold is losing value now in a deflation in US$ terms, try pricing gold in Zimbabwean currency right now and tell me that one would have been better off not buying gold.

All fiat currencies eventually go to zero. As you point out, it is the timing that is tough to figure out

I definitely want some of that food...got any good sources?

jas3

And while you are right that gold is losing value now in a deflation in US$ terms, try pricing gold in Zimbabwean currency right now and tell me that one would have been better off not buying gold.

Oh, with that currency, goats and chickens, maize, sugar, ANYTHING would have been a good buy. We could have gotten rich on pocket lint, with a million percent inflation.

All fiat currencies eventually go to zero. As you point out, it is the timing that is tough to figure out

That's why I am sitting here, and not in the Cayman Islands, counting my money. I did NOT sell gold when it hit 800 once years ago, holding out for 1000. Then it went to 400. Then I sold it when I should not have. So take anything I say with a grain of salt because obviously I am an @sshole!!(Realizing that if I had made a correct guess about peaks and bottoms, of course, I would have been a revered "Expert!)

I definitely want some of that food...got any good sources?

All the places selling MRE-Type military or survivalist stuff are backordered and way overpriced. But in the supermarket are those room-temperature stored microwaveable meals at much lower prices. Even Taco Bell puts them out, if you are into gastronomical self-abuse. (Just joking..actually they are not bad.)

The manufacturers would rather die than put scary words like "Radiation" on their packages..but of course they are.