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Why invest in gold and silver?

Asked by mrrich724 (8547points) April 25th, 2011

When talks about economic downturn come up, people mention investing in gold and silver.

But speaking in a worst case scenario, where an economy collapses, wouldn’t it be much more valuable to invest in tobacco, liquor, ammunition, water, fuel, dry consumables etc? Or is that just an extreme POV?

Anything to add to this discussion is appreciated :)

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