re: Can someone explain the pros and cons of gold?

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You are proving my point. Gold is only worth dollars. In a SHTF scenario, a pound of beans is worth more than a pound of gold. Nobody will barter for gold if they need to eat.

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Cool. Put a 1000 pound sack of beans on your back and walk three miles to trade it for 30 pounds of butter. Or you could just carry one-tenth oz gold piece in your pocket, no one would know you had it, and swap it for that same 30 pounds of butter. In your scenario, gold has gone to zero. In the history of man's existence on earth, that has never happened.