Quote from: GreenStox on March 22, 2015, 03:56:40 PM

Quote from: deisik on March 22, 2015, 03:09:46 PM

Yeah, but that was not you who had said that gold was easier to sell. Gold is indeed useless in everyday life (though a gold bullion is quite heavy and can be used as a plummet), but it is not what people love it for. It is a perfect store of value if your planning horizon is decades long (you could always pass it to children). Houses get old and fall apart, governments come and go, even countries cease to be (with all their fiat money, how nice), but gold remains the same and as shiny as always (and gold bullions are eye-catching as such)...

Unless the government breaks into your house and steals all the gold from you.. or if you store it in a vault they will loot it just like with private pensions, bank accounts and such (seen in Cyprus ,Greece and post 1929 USA)

In fact, they could even come and take your life (peace o'cake for 'em, yeah, I know), but does it make your dear life less precious to you by any means? And as you would fight for your life till the last ditch, people will most obviously fight for their gold till the last man. No more 1933...