Toot

Written by TobyBartels on 2024-11-18 at 16:47

@ZachWeinersmith

For the preppers who expect a collapse of civilization, gold and real estate appeal as things that may still have value after stocks and bonds (like cash) become mere pieces of paper. I don't think that this is entirely wrong; the magic of gold is strong enough in our culture that it could survive a collapse; and while a title deed will become worthless paper, land that you live on and can defend (hence the guns) would remain valuable.

But trading these online without taking possession, obviously isn't enough for that. And simply as a hedge against inflation, no. Still, I think that there may be some borrowed cachet from preparing for ultimate doom.

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