Vatican City is going to be destroyed in 25 months from now, and all fiat currencies will enter a state of hyperinflation

[Nehemiah6]

that's not intrinsic value.

What an irrational response! Kindly go through the Bible and see that from the very beginning gold had intrinsic value. It probably had a much greater purchasing power then, in comparison to what it is today.

"What best describes intrinsic value?
Intrinsic value refers to some fundamental, objective value contained in an object, asset, or financial contract. If the market price is below that value it may be a good buy—if above, a good sale."

 

[posthuman]

Intrinsic value refers to some fundamental, objective value

"it's pretty to look at and everyone has always wanted it as a status symbol" is not fundamentally objective value

 

[posthuman]

"it's pretty to look at and everyone has always wanted it as a status symbol" is not fundamentally objective value

that's subjective value, no matter how long it has been a mutually agreed subjective value. it's by fiat, not because of an intrinsic capability to meet ones needs.



Nehemiah6's answer was that it is worth a lot of money. so you can trade it for money that you can in turn trade for something like food and shelter.

PennEd's article said it makes nice coins.
which we can then trade for something like food and shelter.


neither of these answers show gold has value outside of specialized manufacturing applications apart from being a fairly universal currency for purchasing things that have actual intrinsic value.

 

[2ndTimeIsTheCharm]

that's subjective value, no matter how long it has been a mutually agreed subjective value. it's by fiat, not because of an intrinsic capability to meet ones needs.



Nehemiah6's answer was that it is worth a lot of money. so you can trade it for money that you can in turn trade for something like food and shelter.

PennEd's article said it makes nice coins.
which we can then trade for something like food and shelter.


neither of these answers show gold has value outside of specialized manufacturing applications apart from being a fairly universal currency for purchasing things that have actual intrinsic value.

Yeah, when the mark of the beast is instituted, neither money or gold is going to help (you'll end up getting a lot less for selling off your gold). I agree that the bartering system will come in useful if you produce goods that have immediate, intrinsic value, the kind that you've mentioned - food, water, etc.).

There's definitely going to be an illegal black market bartering system among surviving Christians when the mark of the beast is enforced.

 

[Gojira]

• Gold is perceived as a symbol of wealth, power, and majesty.

• Gold has had an exalted position throughout the ages as a highly coveted, even worshipped material.

• Gold has been used over millennia as jewelry and a means of exchange.

• Gold has an important economic role as a means of exchange should currency collapse.

• Gold is a store of value and thus an investment opportunity for individuals.

• Gold is rare and difficult to extract.

• Gold is malleable and can be formed as needed for use in, among others, electronics, dentistry, medical tools, and the defense, aerospace, and automotive industries.

• Gold is durable and noncorrosive.

• Gold has visual beauty and magnetic appeal.

Just a quick response, if people want it, it has value. People want gold, so it will have value.

 

[IloveViethoney]

With 4 billion earthlings dead from wars, pestilence, ect, few things will be worth more than food

I read a post by someone in Bosnia or one of those former Yugoslavia countries. He said one of the most valuable things when their area was in chaos was friends. Loners did not survive, because they were easily killed. You're right that food, cigarettes, toilet paper, and other very usable things were of more value than metals. That is only for the chaos period, though. Metals can enable you to get to the other side of chaos with some value retained if the currency has hyperinflated.