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If there is a serious societal collapse, gold is going to be the last thing on your mind. Bullets, fuel, tools... trust relationships with other people... all
by 01100011 6y ago
If there is a serious societal collapse, gold is going to be the last thing on your mind. Bullets, fuel, tools... trust relationships with other people... all infinitely more valuable than gold in a crisis. People who own physical gold are preparing for an extremely unlikely event, where society has collapsed in a very specific way.
A HAM radio and the skills to operate it would be worth more than its weight in gold in many disaster scenarios.
- danhak 6y agoNot everybody holds gold as a hedge against complete and utter collapse. It can be a sensible hedge against a weakening dollar, such as is currently happening.
- 01100011 6y agoRight, in which case you do not need to physically possess it, which is what we're talking about here.
- hammock 6y ago>If there is a serious societal collapse, gold is going to be the last thing on your mind. Bullets, fuel, tools... The three precious metals for a balanced portfolio. Gold, silver and lead