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It’s not hard to imagine the role gold coins would play in a doomsday scenario, but just considering the possibility that such events could take place is likely to get you branded as a lunatic.

September 19, 2011 – It’s not hard to imagine the role gold coins would play in a doomsday scenario, but just considering the possibility that such events could take place is likely to get you branded as a lunatic. That might apply to the hyper-paranoid who have built themselves a heavily fortified bunker deep within some mountains and stocked it with enough food and water to last for decades, but I won’t go even that far.

We all have our own image of doomsday, social and political situations that strike at our most basic fears. Preparing to deal with those conditions, no matter how remote their possibility might be, is always more rational than living in fear of them – if for no other reason than to preserve peace of mind.

One of the most common fears we Americans have is being forced to do without the most basic needs, to live through another great depression. If that were to occur things would be vastly different this time. Our population is now far more concentrated in urban areas and lacks the skill and resources to provide sustenance for themselves. Social unrest would be a lot meaner and would develop much faster; those lacking an acceptable medium of exchange will quickly find themselves locked in a daily do-or-die struggle.

What sort of odds against that happening would justify taking no action to prepare? One in a million? A thousand? That depends on the cost, of course, and the practicality of the preparations. Trading in a bucket of decaying greenbacks for some real money – gold – doesn’t cost a thing and is a darned good idea in this economy anyway.

The possibility, I believe, is no where near that remote, and for a preview of things to come we need only look to Greece. The stock market is buckling in light of that crisis, despite great anticipation of another handout from the Fed. As always dire news is driving up the dollar, and therefore driving down the price of gold. It just can’t last.

The question you have to ask yourself is this: Which do you honestly believe will better hold its value down the road – greenbacks or gold coins?

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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