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by 29_29 1122 days ago
I have gold, you have casino chips in a failing empire.
4 comments

If things get that bad, the only currency will be canned food and ammunition.
You have a yellow metal that's too soft to even make useful tools to tend to your farm. My casino chips are a stake in the future of the world. If they become worthless, I will take your farm by force because no one will be around to stop me.
> I will take your farm by force because no one will be around to stop me.

Ah, you hit on it. That is the attitude! Problem is everyone has that entitlement. Trillions and trillions of claims.

Someone "claims" their share of equities by selling but someone else buys. Today I'm buying to invest in my future, someone that's in retirement is selling to fund their remaining years. Are you suggesting we won't have new generations that buy?
betting on the collapse of the social order is a bad bet. sure, it may happen eventually, but it is unlikely to happen within an average person's lifetime.
I've always thought that the people most vocal about preparing for societal collapse seem to be the people least likely to thrive in anarchy. When there is no law and order, we will be ruled by gangs and warlords, not by bootstrapping libertarians hanging on to gold coins and grandpa's shotgun. Nobody is going to care that you have a deed that shows you "own" a farm or that you put a little fence around it.

I have a few acquaintances who consider themselves "peppers". When social distancing and travel restrictions started at the beginning of COVID, they were pretty much the first ones to crack and start complaining on social media about how unfair it was that they couldn't go shopping for khakis. So much for rugged self-reliance!

Just cool yourself out for a minute bro. We are all friends here.
:thumbs up:
if the empire fails, what are you gonna do with gold?
D'oh!