aldoushuxley has a lovely post that, sadly, is Friends only regarding his insight into where he sees the economy going and what investments strategy (if you can call running like hell a strategy) will minimize your losses. What I like most about aldoushuxley is a) reading about his dating life and b)his position on gold being the best way to preserve your wealth. (Preserve..not increase, but *preserve*).
Zero has gold. Not much. Gold is expensive stuff. (Although it was cheaper when I started buying it..the fact its price has gone up so much as people flock to it to protect their assets should tell you something.) And, of course, golds lesser cousin, silver. Invariably, those of us in the ‘preparedness community’ look on silver/gold in one of two ways:
Its a great medium and the closest thing to a universal currency
or
You cant eat it or shoot it, so its worthless
I subscribe to the former line of thinking. Short of a nuclear explosion in every major American city at the same time, we’re not going to have a Mad Max world overnight….nope, I think your going to see a slide into a dystopic situation akin to Soviet Moscow, Bosnia, Argentina, or anyplace in Africa – food lines, checkpoints, rolling blackouts, rampant corruption and crime, etc, etc. And in situations like that, a little gold goes a long way to getting you through that checkpoint, out of that cell, or to the head of the line.
More realistically, there will be times when checks and credit cards are worthless. Happens all the time. Hurricanes and floods knock out power and all the credit card machines are offline. At times like that, cash is king…but cash can lose its value, gold seems to just keep chugging along.
So, I play it safe….the usual goodies – food, water, ammo, meds, gear, etc…and some silver/gold. Never know when your going to need a universal currency.