Having read about the London gold fix recently i wonder why is gold (or anything for that matter) a safe place to put your faith in.
When a few bankers decide on the price twice daily (I call this manipulation) and the free markets (or me and you) have no say whatsoever whay are we so invested in it?
Please offer some input
What for? What they will do with that gold? Where they get potatoes? Do they have enough potatoes to satisfy demand?
Perhaps my point wasn't clear so I'll use an example.
During the hyper-inflation in the Weimar, the people who had access to foreign gold bought the assets of the native Germans who were desperate for food and fuel etc. at knock down prices.
As things calmed down, the asset holders became the power brokers, giving jobs to their favoured people, who were also non-native Germans.
The theatres were turned into sex-show. Book stored turned into pornography shops. Prostitution (both adult & child) was rampant.
And then one day, for no reason at all, a madman came to power and brainwashed everyone.
You still don't show how that gold will be backed with goods, to make it work like money.
In Weimar Germany wealthy elites who control food and goods wanted to obtain gold from people. People, obviously don't need gold, they want food and goods. Without those who want to stockpile gold, there is no endpoints of exchange chains that makes the gold worth something.
Gold obviously don't have any real value except its value as a soft non-rusting metal. It is highly overpriced only because of those who have some sick obsession to stockpile gold for whatever means. If nobody will want to stockpile gold, what it could be useful for in such enormous amounts?
In reality, precious metals are not far from fiat. Their price is artificial and controllable. It is not a self-valuable asset, at least at current prices.
Gold has been valuable for all humanity.
Those with power will take out from those without, whenever possible.
Collapse amplifies power differentials, or changes them, but never equalises.
Because it had final consumer - one who stockpile it. On the way to its final destination in the chest of such person it perfectly played its role of money, because every participant of trade knew that there is that person who always will accept that gold.
If we talking about real collapse, not that artificial games of milking populations, then there will be no any "final consumers" of gold. And the value of gold will drop to the value of, IDK, fishing line plummet.
To use gold as money you need a final customer. During real collapse that final customers of gold will be eliminated for obvious reasons. So gold will not be useful as money among normal people.