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In total societal collapse you should be investing in beans guns and water.
by freepor 7y ago
In total societal collapse you should be investing in beans guns and water.
- Der_Einzige 7y agoDing ding ding we have a winner! Why anyone would go to gold during a societal collapse I will never know. The absolute basic necessities of survival will always be the best investments in times of crisis (right now). Don't believe me? I bet many Americans will see bankruns and possible inflation as a result of our current crisis. Money and other non material assets will become less useful. Hopefully the FDIC will save our asses but if you have more than 250K than good luck if you choose the wrong bank. That's assuming money is still worth something But rice, beans, guns and water will always be useful
- achenatx 7y agomy family used gold to escape china when the communists took over. Lots of jews used gold to escape germany. During those periods cash was not accepted. Even during the venezuela collapse gold is still good. gold is the ultimate hedge to escape conflict areas. In the future I can see crypto currency as a store of wealth for when you arrive at your destination, but gold is going to get you out
- grandridge 7y agoProbably the best answer. Gold is portable wealth outside the system though you want to take it to a better system. This time beans and bullets might be the better hedge
- daxorid 7y ago> Why anyone would go to gold during a societal collapse I will never know Depends on the type of collapse. For a localized collapse during which the rest of the world is better off, gold is great to have, as it will generally garner better purchasing power for global goods than the local currency. But yes, gold won't be particularly useful in anything resembling a global collapse.
- throw0101a 7y agoAlso: booze. Whisk(e)y would become a valuable barter good IMHO.