Nonsense. Stocks, bonds, and even Miami condominiums would be just as worthless as gold on your hypothetical island. Skill would be the only thing of value in that situation. On the other hand, gold as a store of value has done quite well and in a relatively less catastrophic situation would be more valuable and more liquid than stocks, bonds, Miami condos, or even the US dollar. I'll keep my gold, my guns, and my common sense.
Gold’s 'Grand' Illusion [View article]