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Arguments: The only value gold has is dollars and vanity. There was NEVER a NEED for gold. There are better/cheaper materials that can replace gold in almost all scenarios.

Gold goes up cause dollars are worth less. So is gold really worth more than it ever was?

In a real collapse I would not trade food for gold. Would you?

There are a million things that would be much more valuable than gold in a collapse.

Seeds Coffee Tobacco Food Water Tools Skills Etc...

Arguments: The only value gold has is dollars and vanity. There was NEVER a NEED for gold. There are better/cheaper materials that can replace gold in almost all scenarios. Gold goes up cause dollars are worth less. So is gold really worth more than it ever was? In a real collapse I would not trade food for gold. Would you? There are a million things that would be much more valuable than gold in a collapse. Seeds Coffee Tobacco Food Water Tools Skills Etc...

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[–] [deleted] • 3 pts

These make poor mediums of exchange due to lack of longevity, divisibility, and fungibility

None of that applies here. All of which can be stored indefinitely. Trading work or food for other work or food IS the definition of fungibility. Gold is non fungible. No one will trade food for gold. Period.

Seeds, Coffee, Tobacco and food can't be stored indefinitely. Their quality degrades over time, some more rapidly than others. There are different types of seeds, coffee, and tobacco that can be more or less in demand and that demand can vary over time. These are not good mediums of exchange.

What you are talking about here is barter, which suffers from the need for a double coincidence of wants: I have to have what you want, and you need to have what I want, before a trade can take place. On the other hand, if using a medium of exchange like gold, I can sell something I don't need for gold, and then buy something I need using gold. No double coincidence of wants is needed.

No one will trade food for gold. Period.

If others accept gold as the medium of exchange, and not everyone has to accept it, but enough people such that you can easily buy and sell things, people will sell things like food for gold, and then use that gold to buy other things they need.

[–] • 0 pt

That’s only if it’s widely accepted, in the event of a revolution no one will give two shits about gold, but food and energy will be the ultimate needs for all. We’re not talking about a century from now, we’re talking within a decade, for a couple of decades. Gold may come back around, but for a period it will be valueless.