My point exactly. Gold is not magic. It does not have monetary value just because you or I want it to have monetary value.
Gold is a medium of exchange by consent, not by intrinsic worth.
If there is a complete collapse to the extent that many pushing gold are indicating, then gold will become just as useless as paper money. Food, shelter, and labor will be the modes of trade, not anything with “monetary” value.
“If there is a complete collapse to the extent that many pushing gold are indicating, then gold will become just as useless as paper money. Food, shelter, and labor will be the modes of trade, not anything with “monetary” value.”
And if things get that bad, your food won’t last that long when the mobs are at your doorstep and your ammo is useless because you’re out gunned.
And paper money never becomes useless, it’s value just gets diluted in an inflationary crisis. Money is still out there, it’s just a matter of who’s hands it’s in, who has it and who doesn’t. You may get a million diluted dollars for your Gold coin, but you’ll never have any problem exchanging it to purchase food or other items.