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Imagine you're a disgraced german soldier at the end of WWII, Would you rather be holding Reichsmark or gold when you take the ratlines to South America? Even
by notch898a 4y ago
Imagine you're a disgraced german soldier at the end of WWII, Would you rather be holding Reichsmark or gold when you take the ratlines to South America? Even in a collapse there is value in having something value dense you can use in the least collapsed of your options.
Of course gold is still a great option, the most obvious disadvantage is it can be physically seized at the border.
- maxerickson 4y agoIn a scenario where the US economy has actually collapsed, gold is unlikely to be widely valued.