First , If the world goes to hell , your gold will just be shiny metal .For gold to have value ,it needs demand , when people are thinking about surviving , they're not thinking about gold . Second , stop watching gold commercials . Yes , you can buy gold and hope it will go up in value , but the reality is that it has a better chance of going down . Nobody "needs" gold . Its in the marketing . Does anyone ''need'' diamonds ? Same with gold . Third , people have been preparing for the ''day'' for forty years . I bought a bunch of silver coins from a friend of mine years ago . Asked him why he had so many , he said that people thought there would be chaos and we would need a precious metal for barter , he believed this because people were talking about it . No internet or media like today , back then . IMHO , its a trap . My friend is a retired rocket scientist , smart guy , but still got fooled. Buy yourself a Rolex , at the least it will tell you the time , just remember it wont be accurate.
I own some gold , but its at $300 an ounce , not $1750. The hyperinflation question is hard to answer , too many issues can come up in the world . All I know is that I have asked financial people '' why is the American dollar always in demand over any other currency '' they always say ,more or less , we still have a solid financial system thats hard to disrupt.
I wasn't thinking world totally gone to hell, just financial chaos and being able to transfer wealth through a currency reissue, etc. As in once a new currency is in place, go to the new financial institution and trade in my gold for the new currency. No hookers, blow, cheeseburger, or new car.
i don't watch regular tv mayne. just netflix streaming if anything.
Just watched "The End of the Road" on netflix. could have been financed by the goldees, who knows...
Our financial system got pretty disrupted in 2008. They printed alot of money to "fix" that.
A con is that the government could again make it illegal to own gold, and again require it be turned in for a small amount of paper money or face jail time and fine...