[Porsche-O-Phile]

Fiat currency has no inherent value - it only has value when people commonly agree it does.

Gold has no inherent value (unless you build semiconductors or do restoration dentistry) - it only has value when people commonly agree it does.

What’s the difference exactly? Gold just has more of a history of being commonly accepted but that doesn’t mean it will be. I have some but wouldn’t ever expect it to save my butt if I needed something critical for survival. Might come in handy, might not.

If there’s ever a global collapse of the sort that could destroy the USD I doubt gold would fare a heck of a lot better. Lead would probably do pretty well. I’m pretty well stocked in that so I’m probably ok when the volcano blows.