The government will make it illegal to buy or sell gold. What good is gold if it is impossible to sell or barter?
That’s one of my greatest fears about gold. If this happens, the only place to cash in the gold will be out of this country.
Let them enforce it.
Even if gold remains legal, it’s likely to be useless for barter. “Got any batteries for trade?”
“Yeah, I got batteries. Got any sterile gauze? Our little girl got hurt during the riots.”
“No gauze, friend, but I’ll swap you this gold Krugerrand for all the batteries you have.”
“Gold? What do I need with gold? I need gauze for my little girl’s bandages. No, thanks.”
Furthermore, they will force you to sell yours at a fixed price to the government, as did FDR. Much lower than what you bought it for. Then at an appropriate time, when the price is of gold is higher, they will sell the gold again at a higher price in order to pay for all the crap coming down the pipe today.
It worked once before.
Gold is for suckers.
You bring gold, I give you food.
My question about gold is how you would actually spend it when the SHTF AND in that scenario, “stuff” would be more valuable than gold. How would I go about exchanging a gold coin for a few bags of groceries, practically speaking. Wouldn’t things like food, water, ammo, and other hard goods be more valuable in some ways than gold?