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If the market crashes, we’re all going to be living in poverty. Why would we want gold?
I want you to think back to Hurricane Katrina. New Orleans was turned into a helpless swamp. There was no government, no effective police force, and no order. Did those people suddenly start trading gold? Of course not. They traded water, food, clothing, and other items of USE. If the world goes to hell, usefulness becomes valuable. Gold is not useful
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http://money-hawk.com/blog/2008/12/...d-so-are-people-who-tell-you-to-invest-in-it/
That article got me thinking. In a way it makes sense that Gold is as worthless as our Dollars and Euros in regards to how helpful it is.
I still will keep $1,000 to $2,000 in Silver Dollars around, but hoarding precious metal shouldn't be people's main concern. I would rather invest in land. For me I conclude that other aspects such as health, know-how, personal fitness, food, a place to go and a general game plan are more important than investing in 20 or more Gold Eagles.
If the market crashes, we’re all going to be living in poverty. Why would we want gold?
I want you to think back to Hurricane Katrina. New Orleans was turned into a helpless swamp. There was no government, no effective police force, and no order. Did those people suddenly start trading gold? Of course not. They traded water, food, clothing, and other items of USE. If the world goes to hell, usefulness becomes valuable. Gold is not useful
...
http://money-hawk.com/blog/2008/12/...d-so-are-people-who-tell-you-to-invest-in-it/
That article got me thinking. In a way it makes sense that Gold is as worthless as our Dollars and Euros in regards to how helpful it is.
I still will keep $1,000 to $2,000 in Silver Dollars around, but hoarding precious metal shouldn't be people's main concern. I would rather invest in land. For me I conclude that other aspects such as health, know-how, personal fitness, food, a place to go and a general game plan are more important than investing in 20 or more Gold Eagles.