The current gold value basis in the US conservative world is dependent on a dystopian future where the denominating parties (the governments, especially the US) collapse. I have Mormon friends into this, as well as the year's worth of food. My view is that, if we reach that point, you will also need quite the arsenal to defend yourself and your family, and even that would likely not be enough.
But then, when I read dystopian novels, I think they are all too optimistic. It will be worse than the bad that most of them portray.
This is what I always tell the survivalist types. If there's an earthquake and infrastructure is wiped out locally for a short time, that hoard of food will allow you to keep yourself and your neighbors alive for a few weeks, and they'll appreciate it and do you a favor in return some day, or even pay to replenish the food. But in a total economic collapse there will be riots and looting, and eventually militias fighting other militias and robbing everybody else.
John gives Joe guns in return for food, and Joe uses those guns to kill John and take back the food. Mad Max will seem like a utopia compared with the reality. The living will envy the dead. Eventually the human race, greatly reduced in size, will revert to the stone age if someone doesn't set off the nukes first and sterilize the surface of the planet.
If there is a total economic collapse, it will be nothing like what the survivalists imagine. I am uncharacteristically optimistic, in that I expect a slow and gradual decline rather than a sudden collapse.