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I am forever being ribbed for having a sizeable quantity of gold coins stashed in a number of safe-deposit boxes, no doubted egged on by the relentless media campaign to disparage the practice.

May 16, 2011 – I am forever being ribbed for having a sizeable quantity of gold coins stashed in a number of safe-deposit boxes, no doubted egged on by the relentless media campaign to disparage the practice. “You can’t make money hoarding gold” is their threadbare mantra. To that I say you can’t lose money hoarding gold, and there is a distinct possibility that gold coins might soon provide the only means to secure the things you need to survive.

Americans tend to dismiss the possibility of hyperinflation because we cannot envision that happening here. But it can and most likely will. In light of continued worsening economic conditions ShadowStats has moved its estimate of when it will hit forward to 2014, and that leaves very little time to prepare.

In fact, we have been moving inexorably in that direction for decades. The astute began preparing long ago, the most fervent of which have hoarded food and other supplies in heavily fortified remote locations. For years they were dismissed as the lunatic fringe, but recently far more conservative minds have taken up the cause. Suddenly such action is being less regarded as paranoia and more as prudent preparation, not unlike that we make for the eventuality of hurricanes or other natural disasters.

When a nation is in the grips of hyperinflation social order disintegrates as people rapidly devolve into the animals we truly are, doing whatever we deem necessary to ensure the survival of our bloodline. Stores of food and weapons are merely a stopgap measure, much the same as the fallout shelters that were the rage in the 1950s. While the shelters might keep people alive for a while after a nuclear attack, eventually they must emerge and find a way to survive and rebuild in the aftermath.

For a brief period people might get by with barter, but supply will quickly outstrip demand, rendering their possessions worthless. Gold coins, however, as they have throughout history, will remain a viable and universally accepted medium of exchange. One gold eagle will keep a family of four fed for several months, just as it would today. And, if necessary, gold will facilitate relocation to some safe haven and be accepted there at full value.

It’s heads you win, tails you don’t lose. Keeping a sizeable stash of gold coins within arm’s reach ensures your survival through economic calamity, and because gold does not lose value it costs you virtually nothing to hold it.

Kevin Johnson

Senior Staff Writer – GoldCoin.net

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