Don't Destroy On Load Question

I have more than children attached to my game object. Such as variables that house instances of objects (like weapons). Would those be destroyed if I use don’t destroy on load?

If so it would be kinda pointless to try to implement level “forging” in my game. Thanks in advance.

This kind of thing is in the reference:

http://unity3d.com/support/documentation/ScriptReference/Object.DontDestroyOnLoad.html

If you use it on a GO that has a script containing variables, the variables will not be changed by dontdestroyonload.