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That's pretty much the way I was looking at it also. Gold won't keep you alive, except if you can use it to trade. If staying alive is the only thing on everyone's mind, gold is useless.
I can understand that if things got peaceful again, there has to be some currency, gold is the most likely candidate to be it.
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If they can't offer me something my family needs to eat, or drink, or stay alive with..... well..... it's useless to me.
Just my opinion.
That's pretty much the way I was looking at it also. Gold won't keep you alive, except if you can use it to trade. If staying alive is the only thing on everyone's mind, gold is useless.
I can understand that if things got peaceful again, there has to be some currency, gold is the most likely candidate to be it.
First of all most of the people I know who buy PM's do it as an inflation hedge, not for buying shit at barter town.
But let's look at the teotwaki scenario.
You may not trade 5 pounds of wheat for some gold. On the other hand if every one is offering the local doctor or mechanic the same things (food ammo gas), he may very well be willing to take gold. There is only so much food he can store. There are only so many mosins and spam cans of cheap 7.62 x 54 he needs or can store. If he is just stacking what people can give him on the chance shit gets better and he can trade it off in the future, gold takes up a lot less space.
Also, keep in mind, just like with gold, value of your guns/ammo/food is relative. If I have an ar for every person, spare rifles, spare parts and a shit ton of ammo, am I going to trade you anything of value for an sks and 100 rounds. You have an extra super pail of wheat, Who cares. I have a food covered; I live in an area with thousands of acres of dry land wheat and more cows than people. Bulky, weighs a lot and has no significant value to me. If I am looking to the future, it still has little value as a recovery begins. PM's on the other hand, will gain value as civilization begins to rebuild. Yet another cheap combloc rifle, or a pail of wheat in an area with tons of it, not so much.
Another factor is timing. Early on a lot of people will still value gold and some will take cash longer than they should. They are going to be in denial. As things get worse, that stops. But as things stabilize PM's will begin to become valuable again. As things improve and trade begins again, gold picks up its value. Bribing your way past a .gov check point, slipping some cop or NG a one ounce eagle might be a little less noticable and safer than whipping out that old single shot 16 gauge and the two boxes of ammo you got for it.
Prepping is like any other form of investing. Diversification is your friend. Or as I have been saying for years, options, they may not guarantee survival but they do increase the odds.