Get towards the end and you find out that it’s a gold hawk article. He may be right. But, when the fan becomes soiled gold can’t be eaten, worn or used to heat your house.
For a long time, I was skeptical of all the gold hawks, but even though they may have commercial motivations, it’s undeniable that they’ve been vindicated.
i.e., the grain of salt I take with gold bug articles has gotten smaller and smaller. The author, however, was an LTCM guy, too. So he’s seen both sides of the fence.
“But, when the fan becomes soiled gold cant be eaten, worn or used to heat your house.”
No, but it sure as heck can be used to back fiat money, and in the long-run that’s just as important.
Right. It says on the currency that Kroger's MUST accept it as legal tender, for all debts, public and private. It doesn't say HOW MUCH they can charge, however.
I'd say...HYPERINFLATION here we come. Jimmmy Cawder II, deluxe.
But, when the fan becomes soiled gold cant be eaten, worn or used to heat your house.
Gold isn’t there to help YOU survive a crisis, it’s there to help your wealth survive a crisis. (Which is not to say that in just about every portion of just about every crisis, gold has bought food, clothes, and fuel).
And when the fan becomes soiled, paper money can't be eaten, worn, or used to heat your house, either. But at least gold will have economic value, unlike the paper stuff in your pocket. You don't eat the gold anymore than you would eat a $5 bill. It's what the gold will BUY.
The only other thing it could conceivably be useful for would be waterfowl shot. It's half again denser than lead, soft, and totally inert. You could kill geese with 2.75" shells.
But you will run out of stuff like wood and you need to exchange something for something to get new stuff, unless you want to live as something just above subsistence farmer or a hunter-gatherer lifestyle. Gold is useful as a medium of exchange for a wide variety of reasons.
There are 4 “B”s to adequate preparation. Beans, Bullets, Bandaids and Bullion. If you are missing any of these then contemplate if you are truly prepared for the upheaval that is coming.
Well, you can always burn paper. Even wear it, I suppose.
Eating it would be problematic.