Gold is one of the best conductors of electricity and heat out there, with the added advantage that it will never tarnish. It's also maliable (can be hammered wafer thin) and ductil (ductile properties mean it can be stretched into wiring etc). This makes it applicable to all sorts of industry. It's used extensively in medical and dentristry applications (biocompatibility properties - resistance to bacterial colonisation and therefore used in things like ear implants and teeth), it is been used in microchipping and naotechnologies, it has excellent catalytic properties. Because of its conductivity and maliable properties, I have personally used gold as a coating on biological speciemens for electron microscopy. And it has one of the highest corrosion resistences.
The problem I have with gold is it's sourcing. Very unethical, although I beleieve Perth Mint now claims to trade in 100% ethical Gold (I wonder what the standard is for that marking system). But hey, if you have a mobile phone or any other electronic device then.......
The only other metal superior in conductivity properties is silver. Personally I believe silver to be a better investment. Previous value ratio of gold to silver has been 16:1; currently it is 40:1. The amphasis on gold has kept it under the radar. (I believe "1 pound sterling" stood for 1 pound of sterling silver in the uk. A pound these days would get ya a bag of crsips and a crunchie.) And supply is diminishing; the US geological survey claims silver will be the first element to disapear off the periodic table.
Historically gold was revered probably because of its rarity. Naturally the rarer an item the more value. The jewel industry is loved by the rich and famous today, and there will always be a demand to outdo each other.
I think the future is only a crisis if you fail to react to the changing circumstances. I blame all these stupid shows and video games like Walking Dead etc for brain washing people into thinking any major change is going to result in a zombie apocalypse. Instead of thinking we should stock up on arms and brush up on fighting skills to survive, we should be concentrating on putting the infrastructure in place for community resiliance; gathering resources and building knowledge, growing own organic food (can be done in any space!). Build our knowledge base on common law practice, American constitution etc etc and taking back the power from mentally ill f**kwits. Thats the major problem with "modern", socially unadvanced society; eroded senses of community and bloody big egos because we've been bred to be overconsumers and over-competitive.
danny1 wrote:Where do you keep the gold ? In a bank?
In a vault storage facility offered by a broker who only deals in physical gold and silver trade; Gurnsey or Switerland. Otherwise get it securely delivered to your house and store it yourelf.