Tangible assets do have a place. However on /biz/ and in social circles it is more acceptable to say you own 10 ounces of gold (which has value, dont get me wrong. Even in the worst of times people will sell their kids into slavery for it) than it is to say you have 400,000 rounds of 7.62x51 ammo from Lake City saved up.
The big difference is, if you buy into say a stock at the height of a bubble, it pops, and your chosen company goes bankrupt, your money is gone. If you buy into gold in a bubble, lets say at its absolute height in 2012 at 1,900 an ounce,the bubble pops, and today, you still have roughly 1300 an ounce...
Gold will never be worthless. However like I said, a lot of things will never be worthless, and are useful. Like ammunition, guns, etc
In fact, since this is biz, form an LLC, get an FFL, and buy as many 30rd magazines from someone like Magpul as you can, wait for a scare, and dump them. It is not uncommon for a magazine, or an AR15 lower to jump 200-400% in days after something like SandyHook. I sold 6 rifles in the wake of Sandy Hook that I had bought months earlier for a few hundred dollars. One, that I spent 1,600 on (an LMT with a 10.5" registered barrel) sold on gunbroker for just under 5k
Well, not as much as silver, but gold has been the measure of wealth for countires since civilization. Also, the new sources relatice to supply is also low, so whatever you hold won't be devaled so easily. Paper currencies have a predictable trend to lose their value to money printing.
So, why is it not as popular? Well, the us dollar has had fairly low and predictable inflation and is used everywhere. There is also the question of return on investment. Stocks and other investments will still beat the return on gold since thry are wealth generators instead of wealth preservers.
So if you want gold and a lesser extent silver, treat it as an alternative to bonds.
Collapse has always taken to mean the country's government has stopped functioning relative to normal.
You dont need a battery for your Iphone, or a TV, when your local power plant has been taken over by a militia. Your TV is worthless if it is only broadcasting a picture of the flag and the national anthem. Your car is worthless when every gas station in 100 miles is empty because the interstates have become kill boxes
Look at Ukraine. Life changes very quickly for far more than half the population during "unrest"
Lel brit cucks. I still think it's funny how you went from the greatest empire in the world to an irrelevant island full of Muslims where guns are illegal. You had better run along get your TV license fuccboi.
If SHTF and we're in a WROL and armed bandits are roaming, me with a carbine isn't going to do much. I can shoot one or two guys but if they're any good they have my house flanked and down I go. Being alone is a death sentence in that kind of world.
FYI, the whole of the UK could fit inside the state of California twice. California itself has 3 times the population of the UK. In the UK there are 129k police officers. In California, there are 76k police officers. In the UK there are a total of roughly 2 million firearms. In California, there are 10.7million firearms.
And then you realize, other things, like if the UK were a US state, it would be the second poorest, behind only Mississippi. The UK would be the 22nd smallest state the US has, and would consume 3 times the government benefits of any state in the union.
As for the Hollywood view of things. We also have Waco, Ruby Ridge, and Oklahoma City. Things angry, very well armed citizens are still having nightmares over 2 decades later. It is why we have hundreds of armed militia, at this very second, occupying Federal land.
>California itself has 3 times the population of the UK
Population of California - 38.8 million Population of the UK - 64.1 million
>if the UK were a US state, it would be the second poorest, behind only Mississippi
GDP of California (highest in the US) - 2.42 trillion GDP of the UK - 2.68 trillion
Don't know where you're getting your statistics, but they're all over the shop. It is true that the UK's GDP per capita is only about 85% of that of the US, but then pre-crash it was a couple of percent higher than that of the US. These things fluctuate depending on the relative strength of the pound against the dollar.
Don't listen to the naysayers. Gold has endured for thousands of years happenings of all magnitudes. The only time it will fail is when shit hits the fan on a huge level, e.g. Worldwide nuclear holocaust, asteroid hitting earth, alien invasion etc.
There's no real way you can hedge against that, unless you invest in a sustainable underground bunker
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