> Imagine your country stamps gold coins. If you can take a coin of unknown origin and weigh it against a known good coin, you can pretty easily detect a forgery by it having lower weight.
That hasn't been required since the middle ages. So if modern society reverts back to using gold for trade (because there isn't a currency left, that's what the dollar collapse means), I'd rather have stocked up bullets and kill those who has the stuff i want, rather than trade for it. After all, there's no guarentee that they won't just shoot me in the back after the trade anyway.
What i'm saying is that anyone in a western country that invests in gold is implicitly investing in a hedge against collapse of the dollar (or currency in general). And in the event of a collapse, the gold is going to be useless, if you don't have the bullets to back it up and defend yourself.
Or, speculate on the price - sell when it's high, buy when it's low. But that's literal gambling, not investing.
That hasn't been required since the middle ages. So if modern society reverts back to using gold for trade (because there isn't a currency left, that's what the dollar collapse means), I'd rather have stocked up bullets and kill those who has the stuff i want, rather than trade for it. After all, there's no guarentee that they won't just shoot me in the back after the trade anyway.
What i'm saying is that anyone in a western country that invests in gold is implicitly investing in a hedge against collapse of the dollar (or currency in general). And in the event of a collapse, the gold is going to be useless, if you don't have the bullets to back it up and defend yourself.
Or, speculate on the price - sell when it's high, buy when it's low. But that's literal gambling, not investing.