I’m sorry - educate me as to what good Gold will do for me if the world economy goes to heck? I think food, smokes, booze, and ammo will be a better bet.
We will use gold as a medium of exchange. Just as people have done for the last 4000 years - during periods of history considerably more fracked up than today.
If it’s useless to you because ‘you can’t eat it’ someone will be glad to buy it off you.
Years and years ago, I had a professor that asked the class a question. “What is purpose for democracy?” After the class tried to answer his question, he said “You are all wrong.” This guy was before the days of liberal professors. I didn’t answer because I knew this guy. There was more to the question than what we knew. His answer....”Democracy is a way for the government to keep you broke. If you are broke, they have total control over you. Remember, we are a republic, not a democratic society.”
Now, if the general public is into gold and they become very independent, the government won’t like it and will do what they can to recall the gold.....as was done in the past. You may be able to hide your gold from them, but what are you going to do with it when they make it illegal to spend or own it? I live in gold country. There are over 50 gold mines within 25 miles of where I live. The Federal government won’t allow them to open up. England owns most of the mineral rights but they can’t mine it because the Feds won’t allow it. Think they won’t control gold eventually? Think again.
What in blazes will an ingot of gold be worth if things really crash? And we’re past the idea of a “crash” being a mere deterioraion of net wealth. We’re talking a bout a real crash.
You gonna eat that gold? Oh, you’re gonna by things with gold, huh? Like what? Food, ammo, fuel? Fom whom? Someone who can eat your gold?
What will have more intrinsic value gold, or food and ammo?
Okay I’ll do it.
There is a huge range of economic conditions between good times and TEOTWAWKI, Zombi Apocaplypse, Road Warrior total collapse. For 5,000 years of human history, gold has worked as a store of value for wealth in 99% of that continuum. Lots of people in the world were able to survive because they had a little gold or silver to use to trade or bribe with.
Does that mean you shouldn’t have food, ammunition, other trade goods put away? Of course not.
I’m sorry - educate me as to what good Gold will do for me if the world economy goes to heck? I think food, smokes, booze, and ammo will be a better bet.
One coin is $1000+. Try smuggling $10,000 in cigs (or booze, or ammo) across a border to flee whatever threatens you.