Originally Posted by Professor
Yes gold prices tend to move up when disaters unfold but that is because we are stuck in traditions not because of reality.
Niether money or gold will save you after total collapse. You can count on your property to be either gone or rented back to you if you can barter with some services. You better lear some real skills like loan sharking and people shaking since these two will be in demand. At least on my end according to Bot I am set in that aspect.
I'm not trying to be a dick but I say you are still wrong.
Once the economy collapses there will always be people selling bread, milk, water, etc. How do you think we'll be paying for that stuff when nobody will be accepting greenbacks? Like I said before, they'll either take silver, gold or some type of service you can provide. It will most likely be the two first ones I listed.
Getting back to the sentence that you stated about traditions. Well, the tradition of using gold has probably been around for 5,000 years or more...you can't just break that tradition out of nowhere because you say we need to get back to reality.
I do agree with you on the fact that you cannot eat gold but you can turn it into some food if you wanted to. There will always be people willing to get rich from a collapse and it will be the same ones that can provide food in exchange for gold. I don't really understand you though because there needs to be some type of medium of exchange. How the heck are we going to barter with each other? We'll definitely fall back to using gold, silver and any other precious metals.
I've discussed this topic with many professors and even my uncle that is a big shot at Merrill Lynch investment banking sector. I got the idea of buying the silver coins from them as a safety measure. Plus, they actually have gone up 85% in value since my purchase so I'm glad to have listened to them.