Gold is good, because you can carry it around, especially as jewelery, and you can even pass borders without problems using Gold. This was true once, but today, gold's value is considered a safe place to put your money, because there is limited supply, but there is demand. However, this is true to many other things than gold.
In case of a global recession, we're not reverting to a society of small one-family farms with no big cities. Therefore, there will be continuous demand for advanced products and services, land, housing and much else, and I certainly don't consider gold a certain safe haven for money. If gold reaches $1650, we're sure that it can lose a lot of value. |
