Friday, December 27, 2013

You bring Gold, its value. Fin Advisor: Why Gold Would Be Useless in an Economic Apocalypse

You bring value to gold. Give it an Economic Apacolypse and it'll be useless, says Fin Advisor


If there really is a collapse of the money supply it is difficult to believe that your briefcase of pretty coins will still have any purchasing power near $1 million. In the 1970s, Christian singer Larry Norman made popular the Apocalyptic song lyric, “A piece of bread could buy a bag of gold” based on Revelation 6:6. In The End, I’d rather not have bought as much gold as possible.
Atlantic
Reuters

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