In harsh times, precious metals may go up a lot. But in a “doomsday scenario,” gold has zero value. Water, food, and bullets will be much more valuable than gold!
But it’s not honest to use 2014-2024 comparisons, as the results vary like crazy for other time periods.
This is correct. We haven’t had one on a national level but there have been several local events. The value of gold to the survivors of Katrina in the ruins of New Orleans was zero….
Jolly, that is correct. Nothing has value unless someone wants it. I buy Silver, bc silver has commercial and industrial uses. Gold has little. Gold is used in some plating and electronics but a pound of Gold would plate a gazillion connections. Mostly it’s for jewelry. Now, Gold does have a big time Biblical connection!