Gold isn’t just a status symbol; it’s an essential financial instrument, prized for its beauty and rarity. Gold has always been linked to the world’s markets, either directly as currency or indirectly as a heavily traded commodity. Gold investing is a common strategy in the marketplace, as it transfers the investor’s wealth into stable gold rather than fluctuating currencies. Check out this flashy infographic to learn why buying gold isn’t an extravagance—it’s a safe move.
Honestly, the argument for gold is entrenched in traditionalism. After an apocalypse, gold wont matter any more. It is only worth what people will pay for it. In major times of crisis gold neigh valueless and fundamentally, it isn’t different from any other currency aside from the way people perceive it. The only thing that it has going for it is the weight of history.
Fiat currency will last us until the apocalypse, and beyond then gold won’t do you much good either. As for it’s ability to resist inflation, that is offset by it’s terrible liquidity. If you are looking for a security blanket go for gold, but if you actually want to amass wealth mutual funds, hedge funds, and bonds are where to go.
Even if you want a security blanket you can do better. Go for money market funds; same risk as a bank deposit with a higher yield. The price of gold is very volatile (although it likely won’t ever become valueless). Interest outpaces inflation by a long ways.