It'd be a hell of an investment if the US dollar crashes(Like it's doing) though correct?
Limbaugh, Beck, & most of us are just more savvy than the "loose Cannon"; which has large mouth but small brain.
Let's see, Gold's value is relative to the value of the dollar. If the value of the dollar goes to ZERO (which is where it's headed), then the value of Gold will be related to WHAT?
Food, medications, bullets, tents, etc., are going to be worth more than gold or silver.
BS, my friend. The value of gold and silver (and other commodities like oil) value is inversely porportional to the value of the dollar not directly related to the value of the dollar.I'll say it again, Gold and Silver have their market value tied to the value of the dollar. When the dollar completely becomes worthless then what will be the value of gold and silver? Nothing.
Put your money in survival products and rations.
I'll say it again, Gold and Silver have their market value tied to the value of the dollar. When the dollar completely becomes worthless then what will be the value of gold and silver? Nothing.
Put your money in survival products and rations.
Lost cause, most just don't understand.
When the dollar collapses along with the economy, tell me just what gold will be worth?
Unless you maintain all of your wealth in US currency, to the individual, the dollar's value is not really all that important.
While I'm sure there are old ladies who just have a large savings account, most folks own assets such as stocks, bonds, homes, food, clothing, personal belongings, etc. . . which true values are maintained separately from the dollar.
And while I believe that gold maintains an intrinsic value, it too fluctuates regardless of the value of other currencies, and during a true depression or global meltdown, a bag of groceries could very well be worth more than an ounce of gold.
If you're looking to store the value of your savings account to get you through the bad times following a potential collapse of the dollar until the world returns to normal, gold is a good means of doing that. But thinking that you're going to be bartering and getting an equivalent value of food, clothing, shelter, etc with your $1,400/ounce gold is silly.
With $200 today you can buy about 1000 rounds of 9mm ammo, or a little more than a tenth of an ounce of gold. I truly doubt that during a "SHTF" scenario you're going to be able to convert your fraction of an ounce of gold into a case of ammo. In order to translate your wealth today into goods in a future scarce environment, to maximize your value I would suggest buying those goods now, and not some other currency, be it gold, british pounds, US dollars, etc.
Imagine you and the rest of the world are starving, and you want a loaf of bread, can of beans, what have you. . . how much stuff is your dime-sized piece of gold going to get you? Wondering where your next meal is going to come from, how much would you care to have a shiny sliver of metal? For the $~150 you spent on that 1/10 ounce gold coin, you could have bought and put away 100 cans of food.
Investing in gold as a financial investment is one thing. Investing in gold to feed you during the end of the world is another.
If I get any wealth I'll sure put some in Gold, but as things stand, I'll come out the other end of a fall with what I have now, minus some food and ammo.
I'm certain I am not alone, we live payday to payday, I have a decent state retirement but in a collapse that will be gone , I suppose. ( wonder if I can get retirement $ converted to 7.62 )
No idea what would wait " on the other side " maybe Language lessons ?? Chinese ?? Spanish ?? Black Pajamas and a new job in a sock factory ?? Sally Struthers will be my new boss and I will learn Nike production from the inside, finally a marketable skill...