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Nor do I deny that gold has a very long history as a store of value. I should also tell you that I have a modest 2.7% of my investments in gold (in the form of paper that says that I own bullion which might not count for anything depending on the circumstances) as I am priority one bent on increasing wealth. But I am fuzzy on how well that universal store of value will hold up under extreme circumstances.

And perhaps I have (very much) unfairly lumped you with the "when civilization ends gold will be the only thing worth something" which I strongly disagree with. Were that to occur those with the ability to take what they needed/wanted wouldn't worry about gold. (And no, I don't think the world is going to end).

But then maybe I've read too much science fiction (grin).

And perhaps I have (very much) unfairly lumped you with the "when civilization ends gold will be the only thing worth something" which I strongly disagree with.

A few years ago there was a financial radio talk show on Sunday mornings. A caller asked if gold would be a good hedge against a "worst case" scenario. The Host said that if we in America reached a point where paper money had lost all value the only commodities that could make you secure were steel, lead, and brass. The caller didn't get it and the Host didn't explain but I got a chuckle out of it.