Do you own gold as a hedge against economic disaster?

Discussion in 'Economics' started by Debaser82, Nov 7, 2008.

Do you own gold as a hedge against economic disaster?

  1. Yes

    17 vote(s)
    43.6%
  2. No

    22 vote(s)
    56.4%
  1. Thanks for the answers.
     
  2. No, only brass and lead.
     
  3. 0-4. Booze, tobacco and drugs may make for a better hedge. :cool:
     
  4. As long as there are government produced and sanctioned currencies, holding gold is risky. If were ever return to a gold standard, any holders of the metal would be in trouble. However, if everything falls appart and we enter into a bartering system, those who posses gold would be, well, golden. ;)

    Don't forget that when we talk about the value of gold, we price it in fiat currency terms.

    Plus, in a deflation, forget gold.
     
  5. Yeah, baby! The holy trinity of survivalism: alcohol, tobacco and firearms.
     
  6. Practical as well as "precious" metals.. :D
     
  7. ipatent

    ipatent

    So hide it well.
     
  8. Nope in a proper disaster you need canned food and Mr Colt Phyton 8 inches :D
     
  9. Not that many goldbugs on ET apparently.:D
     
  10. So, some of you guys got scared enough to jump on the gold train yet?
     
    #10     Feb 9, 2009