Originally Posted By: BobS
I never bought into the idea of gold investing as any value if our whole economy tanks. You can’t eat gold, you can’t heat your home with it. I don’t see it having much trade value with others. Food and useful supplies are good trade items. When things go south, how would one go about trading or bartering with gold? A few ounces of gold, is not worth as much as $15.00 worth of ravioli or other can goods to a person with a hungry family. Who knows, I may be wrong, but I don’t think so.


Should gold be of little value and trading food as you describe is something that's done, and this occurs solely because the economy has failed, then the economy will have really failed totally.

I hope I never see such days.

So long as there is an ecomony, and we still use dollars, I think gold will have value.


Edited by Dan_McI (03/17/08 04:19 PM)