Originally Posted by widowmaker
My great granddad told me an ounce of gold would buy a good Colt pistol when he was a young man.
Seems to me an ounce of gold will still buy a good Colt pistol today.
take your pick of which you want. I already have both. LOL
But that's only because it has that much value in a currency based economy.
That's where I'm confusing myself, and it's mostly because people say, "when SHTF, you'd better have gold on hand."
No, when/if SHTF, I'm breaking out the heirloom seeds and spare ammo. Can't eat gold.
And it seems, to my pitifully inadequate knowledge, that the value of gold (in fiat currency) directly correlates to inflation. Meaning basically, the value of gold in dollars rises as the value of the dollar decreases.
I think I'm trying to over think the **** out of this. Worst case scenario, I'm planting a garden and hunting without a license. I guess that's all I really need to know.