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0 pointsferiancek8y ago0 comments

As a hedge against a market collapse?

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6 comments · 1 top-level

X86BSD8y ago· 5 in thread

Like gold and silver?

Those aren't as valuable in a crisis as you might think. Pure gold and junk gold are largely interchangeable. If you want to be ready for some societal meltdown, load up on junk gold. A small gold ring is easier to barter with than a gold brick.

ericd8y ago

You can buy much smaller denominations too. There's something called the combibar which is a bar with a bunch of scored 1 gram pieces that you can snap off, like a chocolate bar.

That said, I agree that gold is probably not that useful in a collapse.

umanwizard8y ago

I bet drugs, canned food, and weapons/ammo are an even better thing to stock up on if you want to be ready for a TRUE meltdown, where civilization descends into total anarchy/lawlessness.

But there is a pretty wide spectrum between that and what we have now. Gold is a hedge against something like what happened to Yugoslavia, even if it's not a good hedge against the apocalypse.

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QAPereo8y ago

More like TP, antiobiotics, guns and ammunition.

blobbers8y ago

If TP made it to the top of your list of useful things in a societal meltdown, you need to spend a bit more time roughing it.

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