[fr_freak]

There has never been a time when Gold was worth nothing.

There's always a first time. For example, if you and one other guy were stuck on a desert island with two loaves of bread, would you sell your loaf to him for all of his gold? I doubt it. If we experience financial collapse in this country, which would most likely also mean financial collapse of the world, what will gold truly be worth? Or would barter be better?

[Secret Agent Man]

People will barter (trade). They will trade whatever they have for whatever they need.

[dollarbull]

If we experience financial collapse in this country, which would most likely also mean financial collapse of the world, what will gold truly be worth? Or would barter be better?

There have been literally 100s of financial collapses in history. Gold always holds its value and paper money always fails.

OTOH, no one has ever been trapped on a deserted island with gold, bread and a stranger.

To each his own...but those that know their history can see what's coming.

[panaxanax]

“....you and one other guy were stuck on a desert island with two loaves of bread, would you sell your loaf to him for all of his gold?”

Yes, I would.

Then I’d go fishing with my newly made solid gold fish hook and trade him my extra fish for his bread AND his gold when he got really hungry. When I got rescued a week later (using a shiny gold coin to signal the search plane) I’d come back, buy the island and open a fishing resort for fellow Freepers.

And bring Ginger and Mary Anne with me!

[Atlas Sneezed]

For example, if you and one other guy were stuck on a desert island with two loaves of bread, would you sell your loaf to him for all of his gold?

---

Absurd hypotheticals lead you to absurd conclusions.

But I’ll remember not to invest in gold as a way to survive shipwrecks, thanks.

[April Lexington]

if you and one other guy were stuck on a desert island with two loaves of bread, would you sell your loaf to him for all of his gold?

Keep in mind that the United States and Europe (the two sectors in deep doo doo over socialist policies) are only 1/3 of the world. China and India are not facing the same problems. So... there will be gold and bread available... There is no deserted island...