Excellent idea!

yeah lol moms sure know what to do XD

If the economy collapses to the point where gold is the only thing holding value then gold will become worthless. It's also heavy and not very useful in and of itself. o.o;

it makes an excellent paper weight...

indeed but its the only thing that doesnt drops its value, that and silver

It does drop in value like any other commodity, but it usually stays pretty high.

In fact, gold is higher right now than it's almost ever been! D:

Economics 101 teaches us to -sell- when it's high, and buy when it's low. That's exactly why so many companies are trying to sell all their gold... to us! D: They're taking us for a ride. Gold is going to drop in the near future, otherwise all these companies with all this gold would be buying it rather than selling it.

Hm. Then again, if the economy should tank -again- then gold might go up. But a safer investment might be in mutual funds.

Listen to this mouse!

It's not safe. If you are planning for a total collapse of society and the economy you should be investing in long-lasting provisions, land in the middle of nowhere, sustainable living, solar energy, and so on.

If the dollar fell and the US was reduced to an improverished nation you wouldn't be able to use your gold to get yourself and your gold somewhere better. The gold would be useless to anyone around you and the only people who would want it would be (1) Far away and (2) realizing how vulnerable and easy to manipulate you would be.

If you want to invest, invest in foreign markets. Maybe look at buying a house. Real estate is in the shitter but I can't see it getting much worse, and sooner or later it'll be worth more. Even if it never is, it's a place to live that you probably spent less for than the last person who owned it.

Also read what Hooberdoob said, near the bottom:

http://www.furaffinity.net/journal/2355360/

Indeed. If things ever do get that bad the real currency will be knives, guns, bullets, medical supplies, canned goods, and water filters.

Now is a terrible time to buy gold. Gold steadily rises at a slow rate that is better than inflation, so its ok for long term storage of money, though any index fund or mutual fund you could pick would be better for that purpose. Gold also increases in price when the economy is bad, as it is now, and decreases in price when the economy is good. You'd be buying gold at probably the worst time to do so if you bought gold now.

Huh... makes sense to me then.

I agree with the above. The best thing to have during times of collaps, crisis, and low distribution due to a failing economy are owning the place you live in, natural products, and property to grow the latter on, as natural products will become the prevalent currency.