Gold!!! A Store of Value in the Peak Oil Era?

[valuesystem]

There are a couple distinct economic possibilities regarding peak oil that people can plan for: inflation and deflation

Comments

[theal8r]

I wonder, then, too, the value of gold, etc jewelry. Will those kinds of things actually become good investments because of their ability to be melted down?

[valuesystem]

That is a very intesting question. I wonder what happened with the jewelry market back in the 30's

[theal8r]

I was also considering that money itself may become useless if the economy collapses -- you might be wiser having things people can actually use/eat to barter rather than money which, although easier to carry than, say, a bushel of corn, won't do anyone any good if no one takes it.

(ala Confederate money during the Civil War, I suppose)

[valuesystem]

Yes, that is certainly true. We have considered that a bit. For example, we have a pantry that includes some very odd spices, in large bottles. I don't think we even use some of them, but they will probably be very desirable one day