Gold is part of the financial system. Its value is completely determined by exchanges and speculators. If those exchanges and speculators turn on you, your gold is worthless.
In a collapse scenario, preserved working technology will be the currency. A single water filter or solar panel will be worth more than 100 pounds of gold. Your best bet would be to trick someone into trading something actually valuable for your gold as soon as possible, but since that would be an incredibly bad trade for them, you might as well just rob them at gunpoint.
First gold ETF's are part of the financial system. Gold, stockpiled elsewhere, is a deflationary pressure that prevents the financial system from trading it. Same reason the banks don't want you withdrawing all your cash.
Second, gold is valued as a trading mechanism and a preservation of value. You are worried about a complete and total civilizational collapse (which isn't what I'm talking about). It is, literally, a money. Money is always preferred more than bartering to resolve a coincidence of wants, rather than having a medium to preserve value. This is why all human civilizations have invented a money mechanism (even if it wasn't gold). Whatever value a working piece of technology would have, can be identified in units of gold. That's the whole point.
Third, in a complete and total civilizational collapse, a solar panel is utterly worthless, as there will be no mechanism of repairing or maintaining it properly. Most of your electronic devices would be worthless, as there would be no way to maintain an electrical grid. You would have to revert to an early industrial state, which all hilariously used gold as a form of both currency and money.
Your effort at racializing the problem to promote people's dependence on the financial system makes you an enemy, not a friend.
Gold is part of the financial system. Its value is completely determined by exchanges and speculators. If those exchanges and speculators turn on you, your gold is worthless.
In a collapse scenario, preserved working technology will be the currency. A single water filter or solar panel will be worth more than 100 pounds of gold. Your best bet would be to trick someone into trading something actually valuable for your gold as soon as possible, but since that would be an incredibly bad trade for them, you might as well just rob them at gunpoint.
That's hilariously stupid and ahistorical.
First gold ETF's are part of the financial system. Gold, stockpiled elsewhere, is a deflationary pressure that prevents the financial system from trading it. Same reason the banks don't want you withdrawing all your cash.
Second, gold is valued as a trading mechanism and a preservation of value. You are worried about a complete and total civilizational collapse (which isn't what I'm talking about). It is, literally, a money. Money is always preferred more than bartering to resolve a coincidence of wants, rather than having a medium to preserve value. This is why all human civilizations have invented a money mechanism (even if it wasn't gold). Whatever value a working piece of technology would have, can be identified in units of gold. That's the whole point.
Third, in a complete and total civilizational collapse, a solar panel is utterly worthless, as there will be no mechanism of repairing or maintaining it properly. Most of your electronic devices would be worthless, as there would be no way to maintain an electrical grid. You would have to revert to an early industrial state, which all hilariously used gold as a form of both currency and money.