Quote:
Originally Posted by HappyTraveler
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.
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Except during exactly none of those time periods did you not have access to your investments other than perhaps a few days. The economy may have been awful, but life was just unpleasant. That is not SHTF.
SHTF is when there is no internet, no cell service, all the stores are closed, all the banks are closed and there is limited access to resources for survival. I maintain that no one will want gold, and if they do, they will take it from you by force if you can't protect it. Hopefully, we will never find out which one of is correct.