2 ms·
Compared to the stock market (Depression) or moving your money overseas (WW2)? It seems like the US was still the best of what was available at the time. Gold a
by mkr-hn 15y ago
Compared to the stock market (Depression) or moving your money overseas (WW2)? It seems like the US was still the best of what was available at the time. Gold and commodities would have been toast in an invasion (the axis invading the US) or collapse of society (French Revolution-style uprising).
Giving the government all your money to keep it afloat in those situations was still superior, even if the government ended up ruining the value.