Originally Posted by Kiopa_Matt

Maybe I'm just dense, but I honestly don't get this "OMG, go buy gold before society collapses!" frenzy.

Let's give the skeptics the benefit of the doubt, and say we experience a total economic & societal collapse. Hyperinflation kicks in, currencies become worthless, transportation & communication systems slowly grind to a halt, there's shortages of food & oil, etc.

But you'll be ok because you have 50 ounces of gold sitting in your safe at home? How is that going to help you? Not to mention, if this collapse does happen, won't that trigger a mass sell off of gold? So unless you're one of the first people to sell, don't you stand a good chance of losing on your investment?

I just don't get it. "Well honey, the town's out of gas, crime has skyrocketed, we can't afford our mortgage, and bread is $46 per loaf. But it's ok, because we have gold coins!"

Again, maybe I'm just dense. If anything, wouldn't you be wiser to invest in things such as a nice garden, maybe a little ranch, some solar panels, rain collection, water filtration, and things of that nature? Seems like that's going to help you alot more than some gold coins in your safe.