You are foolish here, using gold plated contacts in gps guided missiles will be 100x more accurate and reliable than copper, so they can send it into your house without damage your neighbor's. they can take your food and guns away from you. ever think about that? Dude, don't make more fool out yourself. please.
Modern day agriculture uses a lot of technology, ever seen gps guided tractors on farmland all day and night?A average 100hp tractor will easily 3 times your car/suv worth.
Gold is power, whoever owns the gold has the ability to create or destroy a nation. Learn your history.
I think it all boils down to how extreme the situation is -- if it really is like nuclear then I think gold is useless. Better to have guns, food, seeds, water, tools ,etc. However if we just get to world financial meltdown stage then I think gold will be used as a bartering medium. So basically, it's all relative to how badly the shit hits the fan.
He's right on this. Follow history from the Land Between the Two Rivers to Modern Day and Gold rules the show. He who has the most gold will win the most wars and eat the most bread.
I would have bit. I know what that coin looks like and feels. But I would have haggled him down Risk/reward worth it. Although the folks interviewed seem dumb as a bag of rocks.
Civilizations have rosen and fell and gold still held its value. There is a finite supply and there will always be demand. The only way gold will never be valueable is if humans cease to exist or you are stranded on an island with no way of leaving. Neither will happen in either of our lifetimes. Funny how people act during a recession. Sh*t will not hit the fan in our lifetime. Even if the US somehow falls, you can sell your gold in another country. The only situation in which gold will not retain any value is if every single country falls. This has never happened, so do not bet it will in the coming years. Even if Sh*t does hit the fan, guns and food won't help you. They can't protect you from missiles or nuclear bombs, and if there are riots, you cannot shoot everyone. Investing in illegal guns won't get you any where except jail. The guns that you buy will most likely be outdated and inferior to others by the time we have a real crisis. AYEYO, you will reflect on your crazy end of days thoughts 20 years from now, and laugh at how crazy it was. Then another recession will come, and you will think the end is coming again. People like Warren Buffet has made a fortune off people like you. When people think the world is ending, thats when you need to start buying.
Do you own physical gold? It's not that easy to sell. When you do sell it, you aren't getting anywhere near spot for it, not a chance. If there is a big currency melt down and the US is backed into a corner, you won't be selling your gold to anybody, it'll be forcefully taken from you. I'm not saying the end of the world is coming. I'm saying gold is the next bubble. When everyone and their mother is talking about the price of gold - it's time to sell.