Sherman’s Lagoon (4/26/11)

That’s one expensive fin the shark in this strip is sporting; expensive because it’s made out of solid gold, because gold now trades at more than $1,500 an ounce, and because gold has no real, inherent value. I suspect the reason gold is so expensive is that investors fear the dollar will collapse, leaving them with boatloads of worthless currency. I’m no economist, but isn’t gold simply another currency that can lose its value as rapidly as the dollar (or the Euro, or the Yen)? If the economy collapses, nobody is going to assign value to gold. We’ll assign value to water, food, shelter, and electricity. If I wanted to prepare for an economic apocalypse, I’d invest in the things people can’t afford to live without.

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