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Sure, maybe one day people will lose confidence in the USD but when you're in an emergency situation you just switch over to whatever is most easily traded at that time.

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Lead tipped brass cylinders will always be the most valuable currency in any SHTF scenario.

Gold is an interesting investment. Been following it for the past year trying to get a handle on it.

What I’ve learned is this. Gold’s price is highly volatile on a day to day basis. Hell, it dropped $25 an ounce yesterday. I believe this is driven mostly by day traders in the commodity market trying to short it. Some people prefer silver, it’s even more volatile and IMHO is an industrial metal and mined in huge quantities. It’s not a great investment vehicle. At the end of the day Gold is more scarce and has history on its side. You’ll hear people talk about charting, gold to silver ratios and breakouts, the fact is they seem to mean little nowadays.

Historically, Gold’s trajectory in terms of price is upward and beats inflation; however, overall it has not outperformed the stock market unless you cherry pick some date ranges. Gold does well when there is economic turmoil or geopolitical issues.

Which is why I think gold has a place in a diversified portfolio. My parents started retiring around the financial 2006 crisis. I watched as their retirement accounts lost 30-40% of their value. At this same time, Gold was ticking up and fast. So it would seem to me that buying and holding some gold could act as a hedge that hopefully you never need. For that reason I have a some percentage of my investments in shiny metal. Not willing to tie my future to it solely; but, witnessed an occasion where having some would have helped in a critical time.

Couple of avenues... the two most common.

Physical gold - buying actual coins or ingots and storing them. On the plus side it’s an investment you can see and hold. On the negative you often buy at a premium and sell at a discount. This spread is how gold dealers make money.

ETF’s - the are basically mutual funds tied directly to the value of gold. Do you eliminate the premiums but don’t actually have the physical asset. Certainly some benefits here.

There are precious metal IRA’s out there too. They have to be administered by a company and you like any other IRA you cannot access it until you retire. So again, someone else has your gold.

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Lead tipped brass cylinders will always be the most valuable currency in any SHTF scenario.

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Preferably in a commonly used size, like .308.

I would go Cryto,
Too much black market to deny it.
And I think people/Men will start hoarding money in Cyprtro to get it awawy from their wives in divorces.

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Agreed on the buy vs sell comment. Although the internet has made it a lot easier to sell person to person and cut out the gold brokers and premiums.

Those people buying and immediately selling gold ultimately end up losing as timing the market is impossible. To me gold can only be looked at as a long term investment with the acceptance that at some point a crisis will emerge and gold will jump. When it does you have to be willing to sell it all and walk away. I think this is where many struggle.

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Good one. Another ding against crypto.

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Try sending gold to your Aunt Ida in Australia with minimal fees or transaction costs

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