Many people seem to have their own opinions about why gold and silver will or will not be worth something after a catastrophic event. I think gold and silver are probably your only sure thing investments for after doomsday. Hopefully this article will explain why.
Silver and Gold have been used for currency for thousands of years. People are used to using it as currency. People are also used to using currency to buy things.
I must admit that early on, after an event, most people will not want gold or silver. What is the use of a piece of pretty metal when you are hungry? This will be a great time for you to buy up as much as you can. People will be dumping their gold for food, water, and other survival necessities. What they do not realize is that when some normalcy comes back to society, there will be a form of currency again. What you have done by keeping gold is basically found a way to transfer your money from a form of currency that may have failed to a new form of currency.
Let me use the scenario of a country like Greece, who at the time of this writing is facing the possibility of having their money, the Euro, taken away from them and replaced with something else. Many people are keeping their faith in the Euro and are pulling as many out as they can and are hiding it or putting it in foreign banks because they don’t know what else they can do with it. If they just bought gold and silver with it, they could just wait out the financial storm and trade for the new currency at what will likely be no loss of value, as needed.
The reason I say this is because gold and silver hold their value very well. You will likely be using very close to the same amount of gold or silver that you would have 50 years ago to buy the same amount of gas, house, car, etc. The value of your gold as compared to the products you buy today is worth about the same or more, than it bought 100 years ago. Its true…look it up. I am not talking about how much gold and silver cost compared to dollars and euros. I am talking about what products you could buy if you traded your gold or silver for cash and went straight to the store. Dollars and euros are just pieces of paper that the government has assigned a value to. Inflation has driven down the value of them over the years. In a catastrophe, your dollars and euros will be worth far less. These are some of the reasons why I believe that gold and silver are the only investments that will stand the test of time.
by Shane White