Comment Re:And OP is retarded. (Score 1) 335
So let's say the world goes to hell in a handbasket... Civilization burned to the ground. Dog and cats living together, etc.
I hear this a lot from anti-gold people. Yes if the entire world civilization collapses and 98% of humans on earth die, then gold will be worthless. However I would point out that such a scenario has never happened in all of recorded history.
In all of recorded history up until somewhere about the 19th century, there were multiple essentially independent civilizations. It would take a staggering coincidence or a global physical catastrophe (like a dino asteroid) to take them all down at once. In the modern era there is just one civilization. Every place is interconnected with every other and becoming more so. A large enough, fast enough, regional catastrophe could bring everything down if the areas not directly affected can not replace what was lost quickly enough to keep their own machinery from grinding to a halt.
Further, modern technology has given us the means to create global catastrophes. We don't need to wait for the exceedingly rare natural global catastrophe.
Gold is a good hedge against economic chaos causing fiat currencies to lose value. But if the machinery actually stops, it is pretty worthless.