Gold has intrinsic value in that..
It is rare.
It takes time, effort, research to find, dig it up, and refine it. Paper money.. well it's
been proven any slack jaw retard can get a printer and pass off some 50's.
Gold is not an investment. Its insurance. It has stood the test of time of hundreds if not thousands of economic and empire implosions. What you own in gold, will buy you what
it will in 100, 200 years. No different than gold buying the same amount of goods and services as it did 1000 years ago.
If your REALLY think the .gov is looking out for your best interest.. just ask the Koreans how they're doing after their currency revaluation. Or study the many books on hyper inflationary collapses.. (
http://mises.org/resources/4016 ) to see how well .gov does.
Not one, fiat currency has survived. And yes, if it was truly Armageddon, there are more
important things to worry about. But its not. Yes, I'd highly recommend food and guns before gold. I'd also throw in silver, brass, gas and grass. Brass and gas are primary trade items.
Preserve what you have. Don't let .gov steal it from you via inflation, confiscation.
edit: currently, gold and silver could be considered an investment. This is because the massive short plays suppressing true prices for so long. That coupled with tungsten bars skew the supply on the high side. So in fact, gold is under valued.