Been reading about the pros and cons of precious metals. It’s a different kind of investment, so much so I’m almost reluctant to call it that.

If you buy 5.4 ounces of gold for $10,000US today, next year it might cost $15,000US or it may cost $8,000US, meaning if you sell it in exchange for US dollars at that time, you might get more or less fiat currency for it.

Here’s the question though, if today that same $10,000US will buy you a refrigerator, washer and dryer, and a new furnace, but next year that $10,000US will only buy you a week’s worth of food, the gold will still have value when a recovery begins.

No, you can’t eat it and it makes no sense to sell it during a crash in exchange for something worthless, but that’s why it’s just one piece of your personal investments. You also should have investments in food storage.

That’s how I sees it anyway.