. It largely depends on how they are investing in it. Gold is a commodity just like lumber, gas, cotton, or livestock. You can invest in them like you would a stock or a mutual fund. Just like those other investments, the price will change daily based on the market. Gold is a weird one because everyone knows it was valuable historically and many people have physical versions of it. People use gold in their investment portfolios to hedge against some of their risk because typically the value of gold would go up when stocks would go down but our money was also tied to gold 50+years ago. The physical versions will change price too but they change differently.
- Gold coins? Unless they’re old or rare, they’re only worth the face value.
- Gold jewelry? It has value if it’s solid and not plated and then you need to get it appraised to know a fair value.
- Bullion? Probably the best form to have it in because that’s what countries and people that want to transfer physical gold will use.
In the event of total societal collapse, gold won’t matter other than it’s a shiny metal. They are better off investing in something more useful like the lumber.







I don’t have a quick answer to your question but as someone who was born in America with a family that celebrates our Scotch-Irish heritage, I have a view/opinion on this topic that might be of some use to you.
The way I see it, people have two types of heritage, ethnic heritage and cultural heritage.
In my long winded explanation, Norwegian is your ethnic heritage, ethnic heritage has to do with your family and where they come from. The best way I can describe it is, a blend of where your family originated from plus the traditions that they still hold on to. Ethnic heritage is more rigid and unchanging.
Cultural heritage is more flexible, it’s influenced by where you grew up and where you currently live. It’s influenced by your friends and the types of media or leisure activities that you all enjoy.
Caveat: This is just an opinion that I’ve been toying around with, it’s not a fully fleshed out idea that I have any empirical evidence to back any of this up. I am open to constructive criticism that will help hone this mess of ideas into something more poignant.