Yeah, a lot of people think that if the World Economy Collapses, that they can use their Gold as currency, but if the World Economy Collapses, the only people that are going to be looking for Gold are people who can use it. And unless you have enough Gold to create mint your own local currency, then Gold won't be of much value in a Collapsed Economy, it will be useless. For anyone invested in Gold the best option would be to sell the Gold as the Economy Collapsed, and trade into a Currency that seemed temporarily stable, maybe a Cryptocurrency, then use that to buy as many useful things as they could: Seeds, Water Distillation Units, Generators, Solar Panels, etc. that way when the Economy fully collapsed, they would have something to actually trade with average people. Gold may be useful in that Economy if you have a buyer, such as someone that is still producing electrical components that require Gold, but other than that or minting a local Gold currency, Gold would not be very useful in an Apocalyptic scenario.
You are viewing a single comment's thread from: