Couple things worth mentioning.
Quote:
Originally Posted by Pugchief
If the internet goes down, whatcha gonna be able to do with those gold coins in your safe? Sell or barter them locally, if need be. There will always be buyers for precious metals.Can't do the same with stocks/funds or money in the bank, if the bank is closed for awhile. As someone else posted upthread, ammo is going to be a lot more valuable than gold if the SHTF. FOOD and potable WATER will be the most valuable, followed by ammo to protect it. No one is going to care about gold. However, see below. Only food, water and ammo.
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I've been reading a couple of news/financial/political blogs for over a dozen years and I always find it interesting that most people seem to think of SHTF scenarios in the most stark, Mad Max-type terms. The Great Depression wasn't like that neither was the massive inflationary period of the 70s or the more recent "Great Recession". There can be longish periods (years) where many things are scarce and plenty are without jobs, incomes, etc. But, it isn't an end-of-the-world dynamic like they imagine.
It is quite literally impossible to ever be
ideally invested (minus sheer luck) but, some people like to diversify and hedge in ways that cover the most possible or likely bases. Especially when the writing is on the wall, in capital letters.
U.S. National Debt Clock : Real Time