Quote:
Originally Posted by Tchocky
The nice thing about gold is that if society collapses it still has value. You can eat it.
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In case of a collapse of society,
you can trade gold for food and items for much longer than you can with coins and notes and shares and bonds. Thats why they say that gold and diamonds are more disaster-proof a currency, than any regular currency of cheap metal coins and paper notes ever has been in known history. Also, a massive inflation will kill (=devalue) your sack of coins and notes - but likely not your chest of gold. Wait some time after the fall, and gold will equal its former value again, or more. Your bunch of old banknotes, however, will be worthless a trading item.
Use Google-Picturesearch and enter "Inflationsgeld". We have had notes of 10 and even 50 million Reichsmark in 1924 - enough for one trip to the shop, if you kept your money together and bought only the maybe five most urgent items of everyday life.
Not that you do not know that.
Think you want to give gold a bad name for some principle or ideological reasons, eh?
Well, you may ignore the danger of market collapse, galloping inflation, and stock market crash. But all of these, ignoring them or not, still can bite you in your lower bottom. Except you have exchanged your savings into something precious and rare. Like jewelry, for example.
Or gold.