If the shit really hits the fan, which would you rather have. Gold, or bullets?

Like most people, I invest money for the future, anticipating a time when it will be harder for me to actually work to earn it. I usually buy selected mutual funds and some utility and emerging market stocks.

I have never bought gold. I have a couple of (pretty wealthy) friends who buy gold. Most of them sort of speculate in their gold investments-it goes up, it goes down, they buy low, sell high, etc.
Or they have a little bit as a “hedge” against inflation.

Whatever.

But I know a few people who buy gold, because (I think) they imagine that when the “economy collapses” they will use their gold like they use currency today. To buy food and gasoline etc.

Truth is, I figure if the “economy collapses” or if the shit otherwise hits the fan, I would rather have a bunch of 9mm and 5.56×45mm ammo than gold coins.

So, I buy some of that instead of gold.

Am I wrong?