On Sun, Eugen Leitl <eugen@leitl.org> wrote:
On Sun, John Young wrote:
Gold won't be worth shit in a collapse. Those with guns won't
Depends on the level of collapse. Cheap gold jewelry was ok during the Argentina collapse.
in a collapse the only thing worth shit is food and water; you can can find shelter with the previous two. to the extent that shiny stuff is fungible with food and water it is useful. if you're really bearish a market for sustenance will not exist.
Mad Max could happen, and it's high-outcome, but the probability is quite low.
guns and brute gangs as catalyst for fungible trade is left as an exercise for the reader. note that death is a perfectly acceptable payment for either party :) ... in any case, i always preferred the bifurcated breakdown in Battle Angel Alita for my vision of futuristic deconstruction ... *grin* maybe this is all theatrical suggestion to encourage a bottom sooner rather than later. compared to savage collapse and descent into madness, we're not quite so bad off? think i'll buy some stock!