Anyone who has seen any movies about life in prison knows how valuable toilet paper and cigarettes can be in there – that they are almost like real money. The only money that’s worth something in a crisis is the article that’s really needed then – antibiotics, liquor, anything people need.

To invest in gold for its value when civilization goes down the tubes is really not a good idea. Some people would like to trust in gold buying more than gold itself. What that means is, they would like to buy gold stocks rather than the precious metal by itself.

From time to time, people like to say that the gold financial bubble is about to burst any day, and every smart investor has gotten out.

Not so fast. Let’s look at some of the worst mistakes that investors make when they decide to invest in precious metals.

No one really knows why gold is as expensive as it is. It really isn’t something that has actual value.

Whatever gold is worth, it is worth it because society decides so. So it’s difficult to actually tell how much higher and gold can go. But if it coins you have then when it is high it your time to sell gold coins.