“Not as much as you might think. History has shown that civilization is a thin veneer on society. After people miss a few meals, their children are hungry, or this month’s welfare check doesn’t arrive, you will see how thin a veneer it is”
Yeah, yeah, yeah. But my point is, howcome no one ever brings up how thin the veneer is when people talk about investing in stocks or saving in dollars? Seems a rather crazy and unfair burden for gold to bear. Or perhaps I can view it as a backhanded compliment. You have to go all the way to the end of the world as we know it before gold’s not so valuable.
I think we are all on the same page here. When things are going well the value of gold tends to decrease as other monetary units are considered safe. When things are risky gold increases because it is seen as retaining value relative to other monetary units. But when the **** totally hits the fan, when the society has completely collapsed, it has no value other than as a piece of pretty metal. Unless a huge asteroid hits the planet I dont see society falling that far. That being said even in prehistoric times, people valued gold for its use in jewelery or as a show of wealth.