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AhimMoonchowsen · 4803 days ago · link · · parent · post: Unless politicians actually do something about the world economy, be afraid
While its indisputable that gold has remained a benchmark of value for thousands of years and has almost always appreciated and while I agree that after a financial calamity abates, it will remain valuable... I'm not convinced that it would retain it's value after a MAJOR catastrophic collapse of financial markets. I feel like gold has been "grandfathered" in. If there were to be a clean slate, I don't see gold being the "standard". But it's likely this clean slate would only come at the cost of a major revolution -and the victors make the rules. If the current owners of wealth are on the prevailing side, then gold will keep it's place atop the heap of treasures. If the lower economic class prevails then it's likely to be something else. Perhaps chewing tobacco or hummels?