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Could Gold and Silver ever become worthless?

Posted on 3/9/22 at 12:17 pm
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22439 posts
Posted on 3/9/22 at 12:17 pm
What conditions need to exist for gold and silver to become worthless?
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2023 posts
Posted on 3/9/22 at 12:26 pm to
They will always have value. Think this government wouldn't try this if they thought they could get away with it?

Posted by jchamil
Member since Nov 2009
16593 posts
Posted on 3/9/22 at 12:41 pm to
quote:

Could Gold and Silver ever become worthless?


In a societal breakdown, post-apocalyptic world, I think I'd rather have guns, ammo, and canned goods than some metal. So I guess only in a truly survival mode world
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 3/9/22 at 12:44 pm to
there is actual value in precious metals for engineering applications, but that value is significantly lower than the ornamental value

for example, gold is used in wire bonding on chips inside of electronic packages. Therefore, no, it will never be worthless.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80818 posts
Posted on 3/9/22 at 12:45 pm to
quote:

In a societal breakdown, post-apocalyptic world, I think I'd rather have guns, ammo, and canned goods than some metal.
This is completely true for pretty much everyone but there will always be older metals bugs that will place high value on gold/silver during the times you mention. I for one would not trade a single bullet for a pound of gold unless there would a clear path of returning to a semblance of normal life at some point in the future. If things are grim, then metals aren't worth much more than a hard object to bash someone in the head with. If hope if on the horizon, then maybe they provide some future value when society tries to reestablish commercial norms.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11235 posts
Posted on 3/9/22 at 12:48 pm to
Your gold is completely worthless if you are declared an enemy of the state by the soveriegn the gold is located in. See Russian dollar reserves, oligarch assets etc...
Posted by Auburn1968
NYC
Member since Mar 2019
19861 posts
Posted on 3/9/22 at 2:04 pm to
Gold and silver as well as platinum have a lot of industrial and technological uses. It's not all just trinkets and bullion.
Posted by footballdude
BR
Member since Sep 2010
1075 posts
Posted on 3/9/22 at 6:26 pm to
(no message)
This post was edited on 10/26/22 at 12:46 pm
Posted by jimjackandjose
Member since Jun 2011
6506 posts
Posted on 3/9/22 at 6:44 pm to
Women will always value shiny things

Men will always value pussy

Women have pussies

Men will always value gold and silver
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3152 posts
Posted on 3/9/22 at 9:50 pm to
quote:

Women will always value shiny things

Men will always value pussy

Women have pussies

Men will always value gold and silver
You beat me to it, but this ^^^^
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