Gold. Is it any use?

[Me_Again]

All valid points guys but it's all about hedging your bets isn't it.
If you can afford it I think having some PM is a sensible 'hedge' against come what may.
Would I prefer to have it than the Remington if TSHTF? No of course not, but I can't buy one now without a risk of 5 years in the slammer.

In the hyper inflation scenario it is only PAPER currency which becomes hyper inflated, in fact there comes a time when sellers say 'no' to paper currency and will only accept PMs or jewellery or goods. Jewellery is not good because the skill to assess its value is going to be premium so it goes through at a much lower 'price' or not at all. That is why hallmarked, verified, pieces of pure gold and silver will still have a good exchange rate whilst there is still an exchange of goods for a currency. If we dial back all the way to 'goods for goods' it's no use at all, but that's what hedging is all about.

Gold is at its cheapest for 3 years http://goldprice.org/gold-price-uk.html, the market is rigged for staying down for the moment [probably so the rich gits can stock up] but just like a cork it is going to bounce back high. If you look at the graphs on that page you can see that even if nothing happens before you need to cash it in, you won't have bought a pup.