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...