There will be a week during which it is more common to buy food with gold than any other form of money (e.g., USD) in some US settlement with at least 1000 people in 2017.

by Adam Seyfarth Jan 31 2017

The wording might not be perfect, but I’m trying to get at the idea that gold should be purchased and held onto in case of some disaster scenario. I don’t think there is much likelihood at all of that turning out to be worthwhile.

Comments

Benjamin Hoffman

Some relevant considerations:

Gold is really valuable. The current spot price of gold is around $1200/oz (as of January 2017). This may make small transactions difficult - you'd need the dollar to collapse to the point where people just stopped using it, AND something like a food shortage.
I can't find a source for this but I'd bet most Americans don't own material amounts of gold.
Silver is a much more convenient metal for small transactions, since its spot price is more like $20/oz
Substantial competition from Bitcoin, at least if the internet's still on.
Barter, gift economies, and other pre/nonmonetary means of cooperation are also competition.
There are a lot of places in the US with >1000 people. So, there could be a town full of goldbugs already doing this.
Gold could be good for large transactions (like buying passage out of / into the US under very bad circumstances), in ways that don't get picked up by the exact condition being voted on.