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if you are a "have not" start hoarding bullets, they are really good at farming gold from the "haves"

brought to you by Big Marauder

That's a bit rich. A rising gold price is a sign people are expecting trouble. That happens a lot even when civilisations aren't collapsing.

Looking at facts other than that, bad stuff is going to continue to come, but nothing directly world-ending (yes, including climate change).

Basically, this is a tabloid selling "end is nigh" stuff.

You know, everyone acts like an economic collapse would create an apocalypse world and just be over. Technology doesn't just go away. Infrastructure doesn't just go away. We're looking at a potential world conflict that sees the death and birth of multiple global powers. Think Rome but with nukes and shit. Yeah it's bad in the post nuclear world. We can't predict how bad it will actually be especially with climate shit creeping up but the idea that new governments won't pop up is silly. Really it's kind of hopeful in a way.

Welcome to the shifting of hegemony

And some others saw the warning signs a long while ago. I'm glad that some more of the people are finally catching up.

All these folks buying gold and my apocalypse plan just involves a handle of whiskey and one bullet.

I work in the mining industry and all of my coworkers are so excited about the price of gold and other precious metals hitting record highs. They say that this will result in all of us becoming wealthy. Bless their hearts…

This is why I started hoarding bottle caps.

Invest in bottlecaps now, folks.

The imaginary money you invested in gold is worthless if civilization collapsed, so it's in the rich person's interests to keep things going so they can pull that investment back.

It's more likely we are heading to another US recession, hopefully not as bad as the 1930s

🤞

stupid fuckers, buy bottlecaps

“The fall of Rome, Spain’s imperial decline, the French Revolution, the end of Bretton Woods [the 1944 agreement establishing today's international monetary system]… this is effectively a transfer of real wealth from the poor to the rich elites who protect themselves with gold,” Bertrand wrote. “We’re witnessing what may be one of the great pivotal moments in financial history yet it’s being barely discussed.”

It'll never get old to me that the Uber wealthy know money is only valuable because everyone agrees it is. And when they accumulate too much, everyone else stops caring about it make Ng it worthless...

And their response is always to hoard a different thing that is mostly valuable only because people all agree it is.

Like, gold does have some actual uses, but none of this is being used for that. Just hoarded because people think others want it.

But shit gets bad enough, it's like a zombie apocalypse.

You can have all the gold in the world, doesn't mean someone will trade even a gun with a single bullet for it.

There's just no real way to hold onto that insane levels of wealth it inequality, because it's totally unnatural. It's unmaintainable, but the people who benefit will try everything to keep it.

Gold is worth more for the same reason stocks are worth more.

The GOP is destroying the dollar.

*American civilisational collapse

brb hoarding crazy madmax masks, clothing, and other generally postapocalyptic looking gear.

Some See Warning Signs of Civilizational Collapse

Yes. Everyone.

My maga mom has been trying to get me to buy silver for the last few months and I keep telling her if society ended silver isn’t gonna be worth anything. She got mad and changed the subject 😅

Just late stage capitalism.

The thing is most of my gold (i.e. ~20% of my portfolio) is as ETFs. Good luck to me using that when civilisation collapses, if it does (I don't think that's happening in the shape and form as it sounds from this article). But then it was not likely at all I would be able to safeguard that in the physical gold form either in that perceived atmosphere of tyranny and mayhem, so that's there.

One could, however, look to reduce or balance (whatever you wanna call it) USD exposure.