Gold, What determines its value

[newgoldfinder]

So this really isn't treasure hunting related, more of a question i cant quite figure out. So i was watching a movie the other day when a teach had his students run through a scenario on if there was an nuclear apocalypse what person with what talent would be aloud to survive in a bunker if it could only hold 10 people and there where 20 to chose from. One of the people they choose is a real-estate agent(or something). Now this person isn't going to help you survive after its all clear. The only reason she was picked because of a bag of gold and jewels she had and they said it could be used as a trade item since gold doesn't lose its value... But is that true? Check this out to see what you think. Golds True Value

See i honestly think that in a situation like The Walking Dead (LOL) or The Last Ship, money and golds not my biggest concern.

 

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[joncooper1986]

I think the value on gold in such a situation is based on a mutual acceptance that it is valuable. Unless the ENTIRE world is utter turmoil, gold will still have value to somebody somewhere. That's really all it is. The twenty dollar bill in my pocket is worth nothing in cloth and cellulose, but I keep it close because I know that it is valuable (at least for now kinda sorta). In a hundred years wars will be fought over water, and gold will still be a major player because it can be traded to a wealthier entity for needed commodities (i.e. water)

 

[Red James Cash]

Gold, What determines its value

A couple of things but,in my opinion the garbage that manipulates the markets.

One of the people they choose is a real-estate agent(or something)

The only thing a real estate agent would be good for is for a dinner when the food ran out.

gold doesn't lose its value

Its the worth of the dollar that goes up and down not the value of gold.When the dollar is worth less gold is worth more and when the dollar is worth more gold is worth less.

 

[newgoldfinder]

Also gold has value now because we use it in technology. And i guess it would be valuable as long as there is someone out there who wants it...But i think in a apocalyptic event the guys with trained with guns are gonna have more power then a guy with a chest of gold...They can always take the gold with the guns they have...lol

 

[DB Cooper]

After reading this thread, two quotes from my dad come to mind. He has told me this on several occasions for different reasons.
The first one is; " Have you ever heard of the Golden Rule ? The one with the most gold makes the rules."

The second is from an old western movies that he loved; " There are two kinds of people in the world. The ones with guns and the ones that dig. You dig."

 

[Dave Rishar]

Only about 10% of the gold being produced is used in industry. The rest winds up as jewelry, coins, and bars. Basically, it's worth a lot because it looks nice and we think that it's worth a lot, and not because it's useful.

To put that another way, imagine that you suffered a flat tire in the middle of the desert, and I showed up with some gold coins, while someone else showed up with a spare tire, a jack, a lug wrench, and food and water. Who would you be more pleased to see? If you had to pick between the two of us, who would you enlist for help? What would our respective goods be worth to you?

Value is relative. It always has been. Gold is expensive because we've all agreed that it's expensive, but don't confuse that with its utility. In a survival situation, I'd much rather have ten pounds of steel than one pound of gold. I can make tools out of steel. I can make jewelry (and perhaps electrical connections) out of gold. Which will enhance my standard of living?

 

[newgoldfinder]

To put that another way, imagine that you suffered a flat tire in the middle of the desert, and I showed up with some gold coins, while someone else showed up with a spare tire, a jack, a lug wrench, and food and water. Who would you be more pleased to see? If you had to pick between the two of us, who would you enlist for help? What would our respective goods be worth to you?

My point exactly.

 

[goldkey]

As long as it's not "The Walking dead" scenario.....keep looking for it, cause there's people out there that want it. You may be able to prepare yourself better for those scenarios if you have it.
Always think ahead........

 

[newgoldfinder]

Yup. Never gonna stop looking. The gold fever be already in my veins. lol

 

[Sandigger2]

Better to have it than not when it's the only accepted trade commodity.

 

[Frankn]

Gold price is determined purely by demand. In other words it floats with demand.

In the situation sited, gold would be worthless, except to melt down to make bullets.
The biggies on the value scale would be Guns, ammunition, food & water, followed closely by shelter and a good knife. Next on the list would be a good dog and transportation like a bicycle or horse.
Frank...-
Well that's how I look at it anyway.

 

[UncleMatt]

The value of anything is determined by either what another is willing to trade for it, or how much you would sacrifice to keep it.

 

[masterjedi]

supply & demand...