To answer the question: Only GOD knows, and HE ain't talking....

Economy's dont collapse in the sence you are implying. Currencies collapse or things that help them thrive like exchanges collapse. But the trade of goods must go on. Gold is way to barter without fiat currency. You dont need some London exchange to set the price for the whole world... you just need to know what you would accept for so much gold and if you can make it mutually agreeable transaction for both parties

best bag in the world regardless of price.

I will answer your question in the following manner. Check your premises. While it will likely be useful to have gold, its value is derived from the economy in which it is used, and is, therefore, dependent on that economy for its value, NOT the reverse.

Without an economy, however defined, it is useless.

The problem with gold or silver is that you'll need commodities to trade with. Gold and silver, diamonds and platinum, will be just stones and metal if there's nothing to buy. If there is a major economic apocalypse, where will producers get the funds to produce? Eventually, I suppose through barter economies will creak back into life and then the holder of rarities will be top dog. If they survive until then.

Sleep??!! I'd rather use coal to heat up metal to melt and pour into molds, or shape and beat into useful implements! Much more fun than mere sleeping! :-)

(Honestly, tho... I have heard some amazing things said about your bags - best quality for the price, etc. I may just have to change out my Korean War special!)

Not really. There is no exchange mechanism. Neither a supermarket nor a gas station would be able to price the metal accurately. If the global economies were to collapse, would the London Metal Exchange or the Chicago Merc be functioning? Guns and ammo might be a better investment.

If the economies of the world collapsed due to fiscal crisis, the world as we know it would pretty much stop. Governments would issue new paper money and most people would accept it because they would be scared and unable to figure out how to trade any other way. Your savings would be wiped out, as they always are. Gold coins would be good to have, but not to easy to actually USE to buy the things you will need. Silver coins would be more practical, as they would be worth less per coin than gold, We arent going to be buying new cars or new houses during those periods. We will be buying food, utilities, and things like that for a while until the country recovers. We can forget internet, netflix, etc. The biggest issue will be personal security, with roving hoards of people trying to get anything they can, so you will want to hide your stashes in your personal panic room. A galt's gulch would be a great place to be, but if you cant do that- hiding in plain sight is the next best alternative as in ALONGSIDE NIGHT (check out amazon for kindle version if you are into electronic reading)

Keep it in the Bank of the Back Yard or Bank of the Basement. Carefully hidden and dont say anything about it to anyone you dont trust.

In all honesty, man is the one that put the value on gold and other precious metals. The person with the most was quite often in charge. So let's look at diamonds. If someone went into the mine in Russia and brought out a few cemi loads, it's value would go down because of an abundance making it no longer rare.

I am a firm believer in the barter system. People helping people. Assets were traded, not credit. A mans worth was and should be his word, not determined by the size of his pocket book.

I quit corporate America in 2012. I live within my means. If I can do it, so can the rest of the world.

Ever hear the saying: "The cowards never started, the weak died along the way, only the strong survived."???

Those actually living by Gulch standards and mentality should not be concerned with world economy and financial collapse. I may be a "mooch" on here, but I am a "free mind" in the real world.

Join me. It's a beautiful place.

Well, gold, like lead,is a soft, dense metal with a moderate melting point (tho not as low as lead), so, (as others here have mentioned) it could make some rather formidable (if expensive) projectiles!

The problem I seem to be having is getting the gold fouling out of the barrel of my Hawkins rifle, tho... thing started missing rabbits last week, and now I can't hit the broad side of a hog. Darn!

instead of coal get a wiggy's sleeping bag that way you will not need the coal for heat to sleep. i do quite a bit of business with the preparedness market.

Dream on --- 'Twill be Governments which collapse, while a newly free People might take over without them.

We could be in the early stages now. China worries me and I'm not sure how bad things will get if they were to have a major crash.

Some how, some way, we GOTTA get rid of the Rulers. Collapse appears to be the best answer!

I have discussed this with a friend of mine who insists I need to have some physical gold. He then goes on to describe some end of world scenarios. I have to think gold would be useless if it was like he described.

That's why we hold junk silver. Otherwise your "change" will be available only by exchanging for more bread, milk and groceries, or taking "credit" from the stores and hope they survive to fulfill the promises!

Or the people that had water filters. Unless you got it out of a bottle or a filter, you didn't know what you had. Even the water trucks (with allegedly potable water) were suspect as I remember - people were painting over the "non-potable" stencils on the tanks and hauling water in. Ugly scene.

That will be the day when self-defense reigns! Ignore the Rulers, who will largely disappear to nowhere.

Good point. The degree of collapse is I guess the big issue.

Tough Question. About the Great Global Collapse, it's coming and it's inevitable. The result will be that governments-all will be out of business, and a newly freed humanity will be starting all over. "The Almighty Dollar" and all other Fiat Currency will be useless and worthless, which has huge implications for whatever "society" survives.

We've gathered some junk silver, stashed because it will hopefully be an interim medium of exchange, while gold would seem most difficult to use in whatever markets remain. I expect that corporations will quickly make SECURED (as opposed to Fiat) currency available and we'll all be struggling with evaluating those for our currency use while trying to exchange for needed/desired goods and services.

We're "Old Folk" and can only hope to see that sun rise once again.

We're offering a deal - sign up for your Charcoal Visa™ Card today, and we'll see if you qualify for the Lead Card™, or even the highly-valued Copper Rewards Card™, where you get a free squirrel steak when you have ten 1/2 sacks in purchases. (Some restrictions apply, offer limited to the territories of the former United States).

The Lead Card - "What do you have in YOUR saddlebags?"™

When all that has value is clean water, food, warm clothing, shelter and weapons, gold will only have value as a metal easily melted down to make projectiles for firearms or nice round (original meaning) bullets for slings and slingshots.

It depends on the nature of the "collapse".
If you mean hyperinflation, then yes Gold will be good (if you can prevent it being confiscated, which will not be easy).
If you mean a global disaster, with everyone desperately trying to survive, then no. In that case I would value a bag of rice more than any amount of shiny metal.

I agree with you. Econ collapse unlikely. Perhaps more likely (?) to consider is what to do if long term power collapse occurs from an attack ? Soon no gas avail to put in cars, no credit card machines, (omg no,Starbucks!) ;) , no way to transport food from farms to stores, unless you have horse and buggy. Then most valuable to have is the bottom of Maslow's heirachy - food ( and seeds to grow more), water, clothing, shelter - and firepower to protect it all.