End of the Road: How Money became Worthless

I have not seen it but am familiar with the claims of those who think you should own gold (preferably physical gold). Basically the argument goes like this - inflation erodes the value of your cash. Often a graph is shown to illustrate the point. Nobody doubts that claim, the only debate is over how quickly it will happen. Where shows like this fall down is exactly what to do about it.

The solution is simple - don't store your wealth in dollars. But hardly anyone does this and I bet you don't either. Most of us use stocks, bonds, own real estate, etc. instead. Those are much less vulnerable to inflation and often pay a regular divided on top of that. Gold just sits there.

Of course, in a true SHTF situation with total government collapse and armed gangs roaming the streets, stocks and bonds won't help you much either. But then bullets and canned goods are far more valuable than gold.

Conclusion: Yes, they're trying to sell you something you don't really need. Gold isn't an absolutely terrible thing to own but there are better choices.

Its how I feel when they say the markets are gonna crash and there will be chaos, so don't invest in stocks. If the world is going to shite, then cash, stocks, everything would be worthless besides food and weapons so I might as well keep on keeping on

Yeah, that's kind of what I expected.

Like I said, it's true that inflation will erode the value of dollars, but all that means is that you shouldn't keep it in your mattress. Which you probably don't. So long as you're invested in something that pays a return you're probably better off with that than with gold. Of course, prices fluctuate with everything.

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One thing I found interesting was that if you don't physically have the gold in your possession, there are probably mulitiple claims on the same oz of gold

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Probably true actually. But it doesn't really matter unless everyone suddenly wants to take physical possession, which is extremely unlikely. This is the same thing as a gold standard, btw. A gold-backed dollar is simply a certifcate.

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but it was also a condemnation of the current fiscal system and policies of most of the world's big governments.

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Alls I know is that if the genius of mankind is producing the system, it's doomed to failure sooner or later.

And what are your personal thoughts on Gold?

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With the way the govn't and the Fed conduct business, how much longer can the current system last? They laid out some good points that it can't last much longer.

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People have been saying this since WW2.

Again, if you're worried about the stability of the dollar, the answer is simple - invest in something else. Buy a local business, real estate, etc.