the saying goes, that in the case of world wide economic collapse that you should have gold bullion,etc. why?

by The Pro Trader on August 31, 2010

Yου саn’t eat іt, уου саn’t drink іt…If thе system collapses, аnd money becomes obsolete, farms bе converted іntο extinct, аll water polluted, tеll mе hοw valuable gold wіll bе again?

{ 4 comments… read them below or add one }

asdru August 31, 2010 at 3:28 am

I mean collapse like a disaster where there is no economic activity in most of the economies and there is no commerce; in this situation the “exchange value”of gold is zero, but its “use value” just will be reduce.
The power of the human talent is too big and maybe with money obsolete, farms extinct and water polluted the situation just arrive like a crisis, not a collapse.

kestril68 August 31, 2010 at 3:43 am

If there is any way to start over again, humans will do it. At that time gold can be used as money, like it was before paper money was used.

KevinStud99 August 31, 2010 at 4:17 am

Only stupid people say that. The odds of a worldwide economic collapse making currencies worthless are nearly zero, and if there was one, gold would do you no good.

meg August 31, 2010 at 4:42 am

The people who think gold would still be valuable would sell you food for gold, but I wouldn’t, so it is a self fulfilling prophecy.

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