Eating Gold

In the event of a worldwide economic collapse, how useful are precious metals as money?

For instance, there is an often made criticism against gold: in the event of Armageddon, it is better to hold guns and food rather than gold.

The problem with this argument is not the first part, where it recommends a personal supply of goods. The problem is that economic collapses don’t ever last, and lead bullets and MREs aren’t worth much in a prosperous time.

The truest thing said is Time Marches On.

The yellow metal has been used as money for 5000 years, and has been a part of history for as long as it has been recorded. It is valuable because of its rarity, beauty, and metal qualities.

In the first days of a terrible event, gold may not be the best. But as the days go on, the value of an ounce grows.

Is there a better medium of exchange?

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