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
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.