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Right, I have no idea why it makes sense for an online retailer of non-essential goods to be making that particular hedge. There might be an argument for nucle
by cperciva 11y ago
Right, I have no idea why it makes sense for an online retailer of non-essential goods to be making that particular hedge.
There might be an argument for nuclear power stations and similar critical infrastructure companies to have such a stockpile, although even there (a) the military would probably step in, and (b) it's likely that Bouillon would be a more useful thing to stockpile than Bullion.
- jacquesm 11y agoI think they have the Bouillon angle covered: "Byrne said the company maintains a 30-day supply of food, and has a distribution system to pay and feed employees in case the banking and payments systems collapse."
- cperciva 11y agoMy point was more that food or other useful commodities might be a more useful form of currency than gold in the complete-societal-breakdown scenario.
- cookiecaper 11y agoFood is definitely more valuable than gold when society collapses to the point where people can't get food anymore. Related example: http://www.foxnews.com/us/2013/08/19/american-world-war-ii-pow-prized-gold-ring-comes-home-after-70-year-journey/ http://www.foxnews.com/us/2013/08/19/american-world-war-ii-p... Although the food is artificially scarce in that case, it shows that people value what's necessary for survival above trinkets when they're required to do so. Gold having value presupposes some amount of social cohesion.