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If it all "Hits the fan", do you REALLY think Gold ownership will help you?
You cannot eat it, you cannot burn it for fuel, you cannot wear it for warmth. In a true global disaster, who's going to want the stuff, as it will be just as useless as "paper" money.
"So Gold and any other metal like Silver and Platinum, Gems like Rubies, Diamonds, Opals, Pearls, and Emeralds, plus Land will always be valuable.". Land maybe.. If it all collapses and I've got something you need, you'd better be either willing to trade me something I needed (which would be none of the above items), or be a better shot than I am...
"If hyperinflation hits - would you rather have gold or a wheelbarrow of paper money?".
Congratulations!! You're our "I didn't bother to read the question" WINNER!!!!!
"Gold is money.". Congratulations to you! You are hereby awarded the Phd in "Duh!". So now, Einstein; what are you going to do when "money" is pretty much valueless?
"gold will still be able to by the same amount of food! "... I wouldn't count on that. In a true global disaster I might trade you some corn for a working solar panel. You can keep the gold thank you very much...
8 Answers
- dracironLv 79 years ago
As you point out land is invaluable, so are hard durable goods such as weapons, tractors, long term food stocks, seeds, livestock but no system is pure barter. Pure barter is just too awkward. If there is total economic collapse gold is the traditional and historical fall back. Gold will be currency. You may or may not be able to buy what you could today with it assuming it's even available but what you CAN buy might make the difference between life and death. Stocks, bonds, currency, collectables those will have no value at all.
If there isn't a total economic collapse just a continued slow meltdown again gold has far more resiliency than other investments. If your looking for profit gold is probably not the way to go. Gold is a fall back, it's insurance and valuable insurance but only gold you hold in your hand. Gold certs are as worthless as stocks. Nothing but a piece of paper till you hold it in your hand.
- dakotaviperLv 79 years ago
Gold is the one constant value over the centuries. Wars have been fault in the past for more Gold. So Gold and any other metal like Silver and Platinum, Gems like Rubies, Diamonds, Opals, Pearls, and Emeralds, plus Land will always be valuable.
- MattLv 59 years ago
well have fun with your paper money when food is worth way more then the dumb cash is worth, gold will still be able to by the same amount of food! it will only serve you good in an economic disaster, of coarse it won't help you in a natural disaster
- gunsrfunmgLv 69 years ago
Gold retains it's value so if the dollar tanks (which it will like all fiat currency which incudes the Euro as well) and you have a considerable amount gold, your wealth can be protected which you can use to buy the clothing, weapons, fuel, food, etc. that you need.
- ?Lv 79 years ago
Yes, if something like a zombie apocalypse happens, gold won't help. If the US dollar completely crashes, which is more possible, gold could be traded against another currency.
- ?Lv 79 years ago
If hyperinflation hits - would you rather have gold or a wheelbarrow of paper money?
- Anonymous9 years ago
Gold is money.