Comment Re:I'm a Libertarian (Score 1) 691
Because you right nobody is going to trade something useful like food or transportation for a mostly inert metal.
Yes they are. If you have food and think you can part with a little in exchange for something that will be worth something when the crisis blows over, why not? I have a nice painting in my living room which my granddad got from someone in exchange for some food during the "Hongerwinter" of '44. In a crisis that threatens the value of money itself, people might be more inclined to take gold instead of cash in cases where large sums change hands. What happens in a (Mad Max kind of) crisis is not that gold drops in price, but that the price of food and other essentials goes up. And gold is not all that unwieldy; plenty of places here sell 1-gram "coins" currently worth about 50 euro.
GP is right though that it's better to get gold during the good times, when prices are low. If the crisis has already hit, you're too late.