[B.O. Plenty]

The real cause of the run-up in gold is the frenzy of speculation. When the demand goes down...gold will crash. It is a commodity, folks...nothing more, nothing less. It ain't no more a store of value any more than, say holding copper or .22 bullets.

As a matter of fact, I would argue that .22 bullets would be a better store of value in a general economic crash than gold. You can at least get some squirrels for supper with bullets.

[eyedigress]

I have both :^)

[Balding_Eagle]

As a matter of fact, I would argue that .22 bullets would be a better store of value in a general economic crash than gold.

You're right. If you have enough bullets you can just TAKE the gold. A lot of people don't think of that when they store up gold for those really hard times.

Shortages aren't about high prices, they are about availability.

[nygoose]

As a matter of fact, I would argue that .22 bullets would be a better store of value in a general economic crash than gold.

I agree with you. There are many things which people will need and not be able to buy. Most of them are relatively cheap essentials. You only need to choose one and start buying.