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<p>[QUOTE="fools_gold, post: 708856, member: 20669"]Yeah, that's the wrong scenario for gold hoarding.</p><p><br /></p><p>I think that's the wrong impression people get with gold. If things get to the point where the gov't doesn't exist and there's pure anarchy outside my house, gold will not help me. </p><p><br /></p><p>We all have to pray it never gets to that point. We need to pray we don't have to even think about bartering. Because let's face it, the majority of us cannot barter for the life of us. It is not the society we have grown up on and we don't know how to do it.</p><p><br /></p><p>And for those that have their own farms, that's great, but don't expect to be able to find THAT many people that can barter with you as well. </p><p><br /></p><p>But to your point, gold is for the sole purpose (at least for me) to maintain purchasing power during turbulent times such as now. </p><p><br /></p><p>While the gov't is endlessly stealing MY and YOUR money by printing 24/7, the PM's are used to store the current value and hopefully more down the road. Gold can be used anywhere in the world.</p><p><br /></p><p>You can use it to exchange for Yuan's if you want. But your USD may not be accept for Yuans.</p><p><br /></p><p>I think of it as financial shelter. My home is my security/safety shelter.[/QUOTE]</p><p><br /></p>
[QUOTE="fools_gold, post: 708856, member: 20669"]Yeah, that's the wrong scenario for gold hoarding. I think that's the wrong impression people get with gold. If things get to the point where the gov't doesn't exist and there's pure anarchy outside my house, gold will not help me. We all have to pray it never gets to that point. We need to pray we don't have to even think about bartering. Because let's face it, the majority of us cannot barter for the life of us. It is not the society we have grown up on and we don't know how to do it. And for those that have their own farms, that's great, but don't expect to be able to find THAT many people that can barter with you as well. But to your point, gold is for the sole purpose (at least for me) to maintain purchasing power during turbulent times such as now. While the gov't is endlessly stealing MY and YOUR money by printing 24/7, the PM's are used to store the current value and hopefully more down the road. Gold can be used anywhere in the world. You can use it to exchange for Yuan's if you want. But your USD may not be accept for Yuans. I think of it as financial shelter. My home is my security/safety shelter.[/QUOTE]
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