reply to post by jonnywhite
Diamond-based semiconductors have been a topic of research for a few decades, now. It's been slow to market because of the impractical marketability
and the improvements in silicon die manufacturing that has continued beyond anyone's predictions in the 70s and 80s.
Another work of Crichton, "Sphere," mentions a computer system designed to function entirely out of photonics. This is highly probable to become
the case as quantum computing becomes more main-stream (unlike voltage potential, light actually transmits a particle that can be used with
entanglement principles as well as carry a super-position).
Diamonds, however, are highly sought after. People in Africa kill each other over them, though that little factoid is used to market "conflict free
diamonds" - so... bask in the irony.
As for the topic...
Investing in gold is no different than investing in any other material asset. Its value is going to be greatly dependent upon the need and/or want
for it. Gold is often valued as an exchange medium, and a high-value one at that. One really shouldn't invest in it with the goal of "becoming
rich" - as you are really only converting your existing funds into a different medium.
Society will not cease to exist, even if the Dollar were to completely collapse. Bartering and third-party currencies (facebook credits..... you
laugh... but look at how poised such token systems are to replace government-issued bank notes) will become the standard - but coinage was originally
designed to be a certain metal of a certain purity and mass. A silver dollar from a coin company would have value as the exchange-worthy metal.
Now - we can debate the reasoning behind using gold and silver as exchange metals.. but that's neither here nor there.
The point is that investing in gold is not a move to "get rich" - but to provide a different type of savings account. Personally, I'd only ever
invest in a piece of metal I could put in a safe on my property (a certificate is prone to fractional reserve systems...) - but that's me. In either
case - when the price of gold goes up, it typically indicates inflation has gone up... so selling gold doesn't really result in more purchasing power
(depending upon what you are buying and the dynamics of inflation or temporary market spikes).
Personally, I'll be looking at investing in laser eye surgery. I think that will be far more valuable and practical of an investment (apocalypse or
no) than anything else I could possibly do. Weapons are nice, but I really have no need for anything that elaborate at this point in time - or for
the foreseeable future. There are plenty of weapons that I could acquire should the situation dictate it (and plenty of unskilled individuals I could
acquire one from). Ammunition will expire - and will experience market spikes when people perceive they will be needing a lot of it (when those of
limited funds will be considering investing in ammunition).
Seeds are good - but also have a shelf-life, and care should be taken to ensure you can adequately defend the lands necessary to produce food. Not
only will you have people who decide to "protect you" at your expense, you will have idiots who trample through, trying to eat seedlings.
Honestly, if you're concerned about food, you'll want to do a two-step approach. You'll want at least two years' worth of non-perishable food
capable of meeting nutrition requirements, and seeds with very long shelf-lives. Allow all the stupid people to die off while you defend your food
stores; then get the reasonable and resourceful together and start planting.
But that's more of an apocalyptic scenario as opposed to an economic crisis. This is straying from the original point I was trying to make....