qbwebb wrote:I hoard coal, 24 tons delivered last month = just shy of 4 yr supply. I am curious though if anyone can give me summer 2007 prices for 24 tons bagged blaschak around 260 miles from NEPA. Gold is probably better, but it doesn't give me the same sense of security.
Gold is worthless in high inflationary times. At least coal has a practical use...Gold has value because we perceive it to have value. Other than being shiny and having some limited practical applications like electronics/circuit boards, its just a overly soft shiny metal. Its as much a fiat currency as cash when you get down to it.
It does act as a limited check against inflationary pressure for an investment portfolio but overall, coal at least will keep you warm...and if the lights ever go out long term, its nice to have that to fall back on, eh?