Comments on: Gold is only valuable because… http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/ Thu, 18 Mar 2010 17:36:24 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mrs. Micah: Finance for a Freelance Life / Carnival Retrospective http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-2150 Mrs. Micah: Finance for a Freelance Life / Carnival Retrospective Fri, 07 Dec 2007 21:12:20 +0000 http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-2150 [...] First up was the mother of all carnivals–the Carnival of Personal Finance at Cash Money Life. Patrick was very creative (especially since he had another carnival brewing)! I included my post about gold being little more than shiny. [...] [...] First up was the mother of all carnivals–the Carnival of Personal Finance at Cash Money Life. Patrick was very creative (especially since he had another carnival brewing)! I included my post about gold being little more than shiny. [...]

]]> By: mrsmicah http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1943 mrsmicah Tue, 04 Dec 2007 17:05:16 +0000 http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1943 1 cow and 10,000 oz of gold sounds pretty good, Jon. Or maybe a couple cows. As you say, MBH, gold probably will become valuable again after any such crisis. That would make it a decent investment if you were worried that stocks and paper money would be irrelevant. But that's still just because it's shiny. IMO. 1 cow and 10,000 oz of gold sounds pretty good, Jon. Or maybe a couple cows.

As you say, MBH, gold probably will become valuable again after any such crisis. That would make it a decent investment if you were worried that stocks and paper money would be irrelevant. But that’s still just because it’s shiny. IMO.

]]> By: Jon http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1898 Jon Mon, 03 Dec 2007 15:07:08 +0000 http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1898 I guess it depends what scale you're talking about. I would rather have 1 cow than 1 ounce of gold in a crisis, but I would rather have 1 cow and 10,000 ounces of gold than 10,001 cows. I guess it depends what scale you’re talking about. I would rather have 1 cow than 1 ounce of gold in a crisis, but I would rather have 1 cow and 10,000 ounces of gold than 10,001 cows.

]]> By: The Carnival of Personal Finance #129 | Cash Money Life http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1895 The Carnival of Personal Finance #129 | Cash Money Life Mon, 03 Dec 2007 12:45:08 +0000 http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1895 [...] Micah presents Gold is only valuable because… This is more of an open ended question. The comments section is the “gold” of this [...] [...] Micah presents Gold is only valuable because… This is more of an open ended question. The comments section is the “gold” of this [...]

]]> By: Randall http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1894 Randall Mon, 03 Dec 2007 11:42:17 +0000 http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1894 If society degrades to the point that we're back to bartering gold again, I'm going to be much more interested in my supply of food and bullets. As a means to barter, it's only really useful in DIRE EMERGENCY CONDITIONS and (formerly) at the national level. I think there could be some desperately hard times, say like another 1920's depression, but when the store down the street stops accepting paper currency, then the bomb has already fallen. If society degrades to the point that we’re back to bartering gold again, I’m going to be much more interested in my supply of food and bullets.

As a means to barter, it’s only really useful in DIRE EMERGENCY CONDITIONS and (formerly) at the national level. I think there could be some desperately hard times, say like another 1920’s depression, but when the store down the street stops accepting paper currency, then the bomb has already fallen.

]]> By: mbhunter http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1890 mbhunter Mon, 03 Dec 2007 08:04:49 +0000 http://financefreelancelife.com/2007/12/02/gold-is-only-valuable-because/#comment-1890 Thanks for the link. True, you can't eat gold. In a true crisis food will be more important, as will the ability to get away from large populations and protect oneself. After the dust settles, though, people will still know what gold is worth, and it will be able to be used for barter. Thanks for the link.

True, you can’t eat gold. In a true crisis food will be more important, as will the ability to get away from large populations and protect oneself.

After the dust settles, though, people will still know what gold is worth, and it will be able to be used for barter.

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