Holy cow.
if you are a “have not” start hoarding bullets, they are really good at farming gold from the “haves”
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Gold is only valuable in a society. You can’t eat it post apocalypse.
The trick there is that there’s always a new normal that comes, and that food is heavy (per value) and hard to use for hastily arranged or large purchases. It’s a decent guess that you’ll eventually be able to spend your gold coins if fiat becomes worthless.
Buy it during the apocalypse is still my personal plan, though.
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Nuclear winter sure is one of the ways to combat global warming.
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But the sad thing is Yellowstone won’t pop.
Who cares of global warming when everyone is dead /s
Not very hopeful if you have diseases easily managed in a global society, like epilepsy, but for which you are effectively dead if global medicine production stops.
We are talking billions dead. A new dark age. A total collapse of global civilization. No food, no water, no electricity.
Go out this weekend with nothing but a tent and live in the forest. That’s what you’re about to experience.
Ain’t no “new government” gonna spring up around you bro. Refugee camps have better conditions than where we’re headed.
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And this time without petroleum as a resource.
Millions of Americans are doing that right now (hunting season is upon us, which won’t be a thing is there is no government)
I work in the mining industry and all of my coworkers are so excited about the price of gold and other precious metals hitting record highs. They say that this will result in all of us becoming wealthy. Bless their hearts…
Their bosses, you’d think the know the difference.
You would think that but no, most of the management is the same. All are happily excited about all the things they are doing to buy. There are a handful of people who are going to be retiring within a year and they are all excited too. One of the older employees has medical issues and requires medication and within the last couple of months he has been unable to get his medication and has had a few moments where he has been hospitalized as a result. And he blames “woke” and “trans liberals” for the problems. The next 4-6 months are going to be interesting to see.
the pollutants from mining gold got into thier heads.
This is why I started hoarding bottle caps.
Also learning how to grow rootcrops.
Rooftop rootcrops, that’s where it’s at.
Mine are just in the yard.
Imagine all Fallout fans group up and actually make the factions from the games. Or make our own factions similar to them
Pretty sure we would win against everybody else collectively in that imaginary scenario
Imagine all Fallout fans group up and actually make the factions
I mean, they [you] sometimes do?
Thats awesome!! Never saw that before
First you get the caps. Then you get the power.
Gold is worth more for the same reason stocks are worth more.
The GOP is destroying the dollar.
And some others saw the warning signs a long while ago. I’m glad that some more of the people are finally catching up.
Welcome to the party, pals!
*American civilisational collapse
America has been the most dominant world-wide force in 6 decades. If it collapses, it’s doing a lot of damage, taking other civilizations with it.
I don’t disagree with you, that’s why it’s important for many countries to decouple to minimise the potential aftershock. The question is if politicians in respective countries have the will to do so.
Which will also hasten it’s fall.
Worst case scenario is a World War III. But the lesser worst case scenario is that the rest of the world will tie themselves to China for economic security that the US has dropped. Maybe the more ideal situation is a multipolar world but with more cooperation and getting used to without US as the major economy.
Mainland Chinese industry coupled with Russian mineral resources.
“It’s not the house that is on fire, it’s just the kitchen”
Another kitchen will take its place; always have. Now, whether you agree or not, the next kitchen is likely to be China.
And not to completely dismiss your point, but like I said in another comment, it’s important to decouple from the kitchen that is US to minimise the consequences. I don’t want another repeat of the Roaring 20’s and the countries too economically intertwined with the US also collapsed when the Great Depression hit. One of those countries who was dragged down the worst was Germany, when American investors pulled out their investments from the country. That severe aftershock gave rise to the Nazis, and the rest is history.
Fair points
US-American.
Unfortunately most the so-called west is toast when the US fails. From Military to Cloud all US-dominated.
Europe is slowly decoupling from US tech, fortunately.
Dunno if they’re going fast enough, given the current speedrun being madenin the US towards societal meltdown.
My maga mom has been trying to get me to buy silver for the last few months and I keep telling her if society ended silver isn’t gonna be worth anything. She got mad and changed the subject 😅
If you’d bought silver (or silver ETFs) a few months ago you would have made a whole bunch of money, and society hasn’t ended yet.
I live paycheck to paycheck so I wouldn’t have made much. A few hundred at most. The stock market is a scam for rich people to live off interest.
it would be things like CLEAN WATER, crops, and non-perishable foods. just think about the “200” episode of american dad, roger ended civilization when he was bombarded by particles in an acclerators. everyone either became a cannibal or fled/roam around to gather resources for food/security(while trying to avoid getting eaten by cannibals.
if society ended silver isn’t gonna be worth anything
i doubt that.
Go buy precious metals than. Their value is high right now due to trumps trade war.
My slowly-unravelling Aussie brother let me in on the secret (to buy physical silver) before the weekend. I should have shorted it the second he gave me the tip
Not as money but silver has other uses.
You cant eat metal.
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Really outing yourself as not understanding the argument.
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They are also aware that you can’t eat dollars.
Also, look into how quoting stuff works.
The alternatives are obvious, because it’s items of actual value, like tools, ammo, seeds. Things that can be traded with/for.
That’s a bit rich. A rising gold price is a sign people are expecting trouble. That happens a lot even when civilisations aren’t collapsing.
Looking at facts other than that, bad stuff is going to continue to come, but nothing directly world-ending (yes, including climate change).
Basically, this is a tabloid selling “end is nigh” stuff.
“End is neigh” certainly sounds like some 4 horsemen of the apocalypse shit.
Oh shit, TIL that’s not how you spell that. Fixed.
This is great news, my Beanie Baby collection is about to bounce back.
A very useful currency for a collapse at least in the early days is gonna be cigarettes
cigarettes, whiskey, and 9mm.
Yup 100%
I am figuring K-Cups might be a currency as well, for those who have a caffeine addiction like myself.
All these folks buying gold and my apocalypse plan just involves a handle of whiskey and one bullet.
The thing is most of my gold (i.e. ~20% of my portfolio) is as ETFs. Good luck to me using that when civilisation collapses, if it does (I don’t think that’s happening in the shape and form as it sounds from this article). But then it was not likely at all I would be able to safeguard that in the physical gold form either in that perceived atmosphere of tyranny and mayhem, so that’s there.
One could, however, look to reduce or balance (whatever you wanna call it) USD exposure.
Exactly. If you don’t own physical gold, whatever you own is vapor on paper the second they decide it is. I’m in the same boat.
