Gold was still used as money while the Black Death ravaged Europe. It was still used as the Mongols cut a swath all the way to Eastern Europe and while the Visigoths sacked Rome.
Can you think of any tougher times than that when gold had no value?
Gold was still used as money while the Black Death ravaged Europe. It was still used as the Mongols cut a swath all the way to Eastern Europe and while the Visigoths sacked Rome.
Can you think of any tougher times than that when gold had no value?
During those times gold was the money as were other metals.
What good does a pocketfull of bullion do you when you and your family are hungry ?
Nothing unless there is someone willing to trade foodstuffs or other needed items for shiny metal.
Granted, gold can and will preserve value IF the economy will recover ... what if it doesn’t ?
What good is the metal except to make high dollar fishing sinkers or cast bullets.
I still say money is better spent on canned goods, barter items and bullets.