The average American probably owns a pound or more of gold jewelry. It will be offered at once, en masse, by the public at large for the first bowl of rice in a famine, if Dollars are somehow no longer valid.There will be no famine. Like I said, we have the grain, it will be a matter of who can pay and get on with their lives and who has to beg and be in servitude.
Those pounds and pounds of gold jewelry will put gold very low on the list of "rare" commodities that people with valuables (e.g. food, water, guns, ammo, shelter, transportation, fuel, and clothing) will be interested in weighing themselves down with or trading for.
That has never happened before in these kinds of crises and it won't happen the next time. People want something valuable and something they can carry. Gold will be it. People won't forget how to drive or sail boats, a car can go across the country in one day. Who will have the ability to buy gasoline to get to a more stable area? Gold owners.
People such as yourself will be begging those of us with food, water, guns, ammo, and transportion to trade some of what we have for the worthless yellow metal that you have hoarded.
So tell me, how much food and gasoline do you have stored at this moment? If you don't have much of these items and no gold to boot, you'll be the one stuck where you are and begging the closest farmer you can find.
Don't count on finding many takers.
Don't count on any takers for a hyperinflated dollar.
"So tell me, how much food and gasoline do you have stored at this moment? If you don't have much of these items and no gold to boot, you'll be the one stuck where you are and begging the closest farmer you can find."
I live in rural Alabama. I grow my own food and have a decent amount of essentials stored, including gasoline. If people are starving, there is just no way that I'd trade what I have for your ugly yellow metal.
Moreover, what you clearly haven't grasped is that there is an enormous amount of gold that is out of circulation in jewelry and industrial products. Any crisis that destroys the Dollar would find all of that gold back on the market in an attempt to trade it for things that are life-supporting (e.g. food, water, shelter, guns).
Gold isn't rare. Everyone owns some. Any fool who offered to trade something of value for gold in that sort of crisis would be FLOODED with have-nots bringing in their gold jewelry to trade for food or whatever because people can't eat gold so they are certainly willing to dump it off on whomever would take it in trade.