Crude is essential and may even be considered the 'new currency,' but the average Joe can't hide a few barrels of oil in his closet. He could, however, buy a few gold coins and a silver bar or two and hide 'em. Gold and silver have been proven to be the best form of money after thousands of years of testing. The fiat paper dollar does not 'buy' gold; people merely exchange it for real money: Gold. All forms of unbacked paper have always ended up worthless. Our dollar is taking longer because of its world primacy, but that too is eroding. When people wake up and realize they've been duped by the Feds' paper Ponzi scheme, they'll run out and spend the bucks as fast as they're printed. That always happens during rampant inflation. Or they will exchange the paper for gold and silver which holds its value.
Gold and silver will become mandatory again as fiat paper goes to zero. Gold and silver is not just an investment but also a store of value. Gold is nobody else's liability. You don't have to worry about anyone else meeting their obligations to make it worth something. It is what it is--pure money.
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