If cash money gets to be worthless ... what do you redeem the solid gold for ?
I should have gone on with my question ...
Gold has no value in tough times (IMO)
What are you going to use it for ?
I can see the usefulness of it for preserving wealth as long as the “value” of the gold corresponds with a number of dollars (or other denominations) and rises against it’s fall.
But in the real world, after everything has gone to carp, what is it good for and why would a fellow with a can of peas rather have some shiny metal and be willing to trade for it ?
You want to make some smart investments ?
Buy weapons, ammunition, fishing line and tackle, garden seeds, tobacco, ... stuff people can use and will be wanting.
Barter will always be with us but you have to have something to swap that others will be wanting and when times get tough a couple of Canadian Maple Leafs in the pocket just doesn’t bring the same warm fuzzy feeling that a half-dozen 12-gauge double-00’s do. (and I’d keep them 2-3/4”, they fit more than the 3”)
Until the final moment of collapse, gold will have a market. After that, not so much, but bag silver may still be a useful commodity (buried off-site, along with a cache of more practical goodies).
There may come a period of time before SHTF when gold bought long before can still be traded for enough fiat money to pay off the house and stock up on more munitions and supplies.
Gotta agree, though - among survival items after SHTF, a few half ounce maple leafs won’t be worth dying to defend, although at the first signs or returning civilization, it will again become very precious: someone in any barter society will always recognize the eternal lure of the shiney goddess.
Barter will always be with us but you have to have something to swap that others will be wanting and when times get tough a couple of Canadian Maple Leafs in the pocket just doesn’t bring the same warm fuzzy feeling that a half-dozen 12-gauge double-00’s do. (and I’d keep them 2-3/4”, they fit more than the 3”)
In agree 100%. I have been prepping and I am well stocked and well armed.
Gold has no value in tough times (IMO)
Those things can help get you THROUGH the crisis. But what about when the crisis is passed and conditions stabilize? THAT'S what you need the gold for.
It's not either/or. It's both.
Now, if you expect the crisis to last forever, forget the gold, but a few months to a few years is much more likely.
Silly question. you use it to establish credit with people who have and can sell you what you need or want.
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?