I saw this post over at Suburban Prepper. Thought about it while we went and grabbed a bite to eat then rented a couple of movies. My initial thought is to get a half dozen or so of each.
The real thing is that our money is limited while desires are infinite and buying one thing often means that at least right away you can not buy another thing. So which thing to buy? Are you better taking that wad of $100 bills and buying some gold or getting a glock?
Well that sort of depends. Do you want a gold coin or a Glock or a tv or a set of snow tires or a weekend in Phoenix Arizona? I threw in the last three just because it shows there are many options for your hard earned money and that weighing unlike items is difficult. A Glock 9mm will be great for defending yourself but will not keep your car from spinning out in the snow this winter. It is nice to watch TV but seeing Uncle Joe in Phoenix would be fun and they have that place with the great margaritas.
I guess the simple question is if you want a Glock or a piece of Gold. Obviously a Glock is good for defending yourself or target shooting or barter in case the end of the world happens [though to high in value for day to day transactions a quality handgun would be great to trade for a large animal or passage the heck out of somewhere or some sort of other big thing]. The same dollar denomination in gold [we are talking about what is best for your hard earned dollars] will not defend you but then again that isn't what we are making a purchase for. One advantage I can think of with gold is that presently there are no regulations about who you can buy or sell small quantities [I think over certain weights there is some regulation but us normal folks won't be troubled by that.] of gold or to whom they can sell it to. If you are from Idaho and want to sell an ounce of gold to a felon from California while in a restaurant in Nevada nobody gives a darn at least to the best of my knowledge. Also if you sell or swap gold to someone they will not be able to use that gold to cause physical harm to you. Lets say the sketchy bikers from that compound out in the hills show up to the Ye Old Barter Faire with a couple of solar panels you can totally use. A piece of gold in their hands will get you the goods you want but they can not use it to do physical harm to you. The same is obviously not true with a handgun. [Trading a pistol to kind old Farmer Joe who has something you need would probably be just fine but suffice to say care should be given in who you would want to arm.]
That gold is a very compact store of value also has some advantages. [Yes it also has disadvantages but that is why God was kind enough to invent silver and .22 ammo:] The stuff currently costs a bit more than a grand an once depending on what size or type of coins you want. Lets say it looks like something really bad is going to happen so you take a bunch of cash out of the bank or whatever and turn it into gold. All of a sudden you need to leave home with little warning and not a lot of stuff, gold is perfect. With a tiny bit of creativity and or halfway decent sewing skills you could leave home with a backpack and a dozen ounces of gold discretely stored on your person or in your possessions. Plenty enough to get a place to stay for awhile or even heaven forbid have a leg up in making a fresh start. It would be a lot harder to toss a couple dozen Glocks into your backpack.
I personally buy guns for my own use and to have the option of loaning or giving to others in a time of need. If the need arose I could easily part with a few guns. Suppose I could buy arms as 'an investment' or for barter, maybe someday I will. More likely I will just buy guns I like and will use. I have a decent collection of guns now and will probably double it over the course of my lifetime. Offloading some off caliber or non standard platform weapons is something I could do if need be.
I buy gold because it is a non denominated store of wealth which is widely accepted and has been for a very long time. Within my means I will continue to buy gold over the long term.