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Is Gold a Good Investment During the Credit Crunch?

Can't eat gold? Maybe literally. Inflation is an easy answer to why people should hold gold. But in truth, if the economy collapses, gold becomes essential. Anyone who knows anything about money will trade at least food for pure gold and silver. That's why you always hold at least some in your portfolio. Pure gold and silver was the only thing that bought any kind of food after WWII and in the South after and during parts of the Civil War. THAT'S why people must hold precious metals.