Consider this: Gold is Fiat too...

I want to present a point of view that will most likely be unpopular with DP gold bugs, but that should be important to everyone concerned with their financial future. Gold and its intrinsic value is a perceived value. You can not eat gold, run your car on it or power your house with it. Those of you that are banking on the value of gold being higher in the future are playing the greater fool. While gold may have more value than a declining dollar, it is not the most scarce commodity on the planet. Logic would dictate, if Gold Prices stay high, new exploration will eventually lead to greater supplies, and perhaps lower prices.

Before you give me history lessons on the historical value of gold, remember this; the Romans did not run their chariots on gold and the world population was not pushing 10 billion people when they used gold as the standard to trade goods and services. Energy is the new gold and clean water will eventually become the new oil as it relates to the value of scarce commodities.



http://www.dailypaul.com/55303/gold-is-fiat-money-too

So the ability to produce your own electricity and pump up you own well water will be of paramount financial value? Is this where the finance & survivalist sectors meet?