Gold being a traditional financial preparedness tool in the face of economic meltdowns, I thought the article below would be of interest to many here.
If I really thought that end times were upon us -- economic or otherwise -- I'd be far more inclined to "invest" in useful, tradeable items such as guns and ammo.
If you get in on gold on the ground floor as it starts to shoot up in a crisis then you can make some money, if you sell at the right time. But I'll never forget the runup in the price of gold in 1979-80. My grandfather bought a pile of Krugerrands and then never saw a return on that investment before he died 15 years later.
http://online.wsj.com/article/SB10001424...personalfinanceWhy I Don't Trust GoldMAY 27, 2010
Warren Buffett put it well. "Gold gets dug out of the ground in Africa, or someplace," he said. "Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."
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