All value is subjective.
Gold has uses as a medium of exchange due to its scarcity (can't manufacture it easily), its divisibility, its fungibility and its longevity. You can subdivide gold as much as you want. It's difficult to fake. It has no expiration date.
Whether the current price of gold is anything remotely close to what it will be in a SHTF scenario is another question.
There are a million things that would be much more valuable than gold in a collapse.
Seeds Coffee Tobacco Food Water Tools Skills
These make poor mediums of exchange due to lack of longevity, divisibility, and fungibility. While some of these things have been used as currency at some points in the past, that state of affairs did not last long.
Only because retards decided worthless shekels were worth something. Look up the history of money. Shekels were used before gold. And before that. People traded goods.
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.
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.
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.
Bingo.
Hold isn't scarce because governments have figured out to print gold by gold that is bought and sold on the books only.
All the more reason to hold gold. If that bubble ever unwinds and the fake gold that's on the books disappears, the gold you physically hold will be worth a lot more.
Looking at gold price declining against inflation I believe that this scam is two decades old.
Remember that bank that had 3000tons of silver on the books that didn't exist in reality?
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