Please show me a society in the last 6000 years of history when gold wasn’t a useful asset to have.
Agreed. Put 10 to 25% of your assets into Gold and protect your wealth.
Too many Freepers assume that the alternative to our current market economy is a stone age existence with Mad Max cars and no concept of legal property.
Hardly. We are headed to a super-PEMEX like event after which the life savings of the middle class will be wiped out - unless they buy physical metals, commodity stocks and get out of fiat currencies.
Survival goods are recommended, because there will be upheaval and unrest in places. But there’s no need to completely bunker-up: a currency crash is not an asteroid.
Please show me a society in the last 6000 years of history when gold wasn’t a useful asset to have.>>>>>>>>
Yeah but get silver too for normal buying and transactions during a lawless chaotic breakdown. Silver has always been valued too. Gold is the ultimate but silver has it’s place.
Matter of fact I can see a gold backed currency coming along that is also silver backed. Due to the lack of gold to back a currency that is accepted world wide
You know that we USA had silver coins and also US paper currency that was backed by a US government silver stockpile...that was sold off years ago
Today our only paper currency is the Federal Reserve note which is backed by your trust in the machinations of the Federal Reserve and trust in the US Government securities (Treasuries) that back up (allegedly) today’s paper currency