All these people talk about preparation and buying gold and silver, what's the verdict? The international monetary fund has a hoard of gold, it's a bank, by the way, although it officially declared gold dead back on the 70s. The Federal reserve Bank has more gold than the IMF. India recently bought a huge amount of gold from the IMF. The emerging economies are India and China. I bought some silver and the business card had some Jesus gibberish on it. So, are gold and silver worthless? If so, why do the banks hoard gold?