Reply #15: If there is a crisis, you will get more dollars for your gold. [View All]

[JDPriestly]

Also, if you have to flee to another country, or if merchants begin to refuse dollars, you have something you can trade to a private person, something of worth.

In the 1930s, Jews fleeing the NAZIs were lucky if they had portable valuables, including, at that time, real jewelry (not costume stuff), gold even watches. When people are bartering food for other edibles or vital services, gold can get you a long way.

We hope that a crisis that severe won't happen, but it has happened in the past.

I don't have an opinion as to whether we are headed into such a drastic crisis. I'm just explaining what I know about the past.