I know people out there who have invested a lot in gold under the belief that in the event of like complete societal collapse or hyperinflation, they could use it for purchasing.
I have the hunch it’s a scam, but I haven’t learned enough monetary theory, business, or economics to understand why.
The only gold worth a damn is the stuff in your hands. Gold speculation is not a hedge against financial crises
Let’s be honest though, in a complete societal collapse (not likely to ever happen) if I had sandwiches, and you had a block of gold. Your good is worthless unless someone else is willing to trade for it. You come with gold, say it’s worth something, I say meh, maybe 15 pounds for one sandwich, you say no way, you grow weak through starvation I say 20 pounds, you say no way, grow weaker and I say 30 pounds, you say I only had 15, you die of starvation and I bury your currently worthless gold somewhere in case it eventually has value again.
You’re probably not the only one out there. Maybe someone else would see it differently and pound your head in for less. That frees up the sandwich and anything else in your possession.
So zoidberg made out like a bandit!
The whole time I just pictured myself having a bunker full of in ground freezers with hidden solar panels and they are just chock full of shite gas station sandwiches to ensure they last 50 years. (Hopefully we sort out our agriculture game in a few months or we are just going to all die of malnutrition)
True, in total collapse gold isn’t worth much. However, total collapse isn’t very likely. Across all civilization collapses, it’s never come to that point
Also sandwiches are a terrible way to store value.
Yeah, bit of land staked off, 5 goats, 5 cows, 15 chickens, fencing and 100 acres of agriculture would do you much better.
Something something you can eat money something.
Wait, what kinda sammich we talkin’?
Toasted thin brioche with garlic butter, light smather of roasted pepper jelly, prescuttio wrapping muenster cheese topped with heated salami and pepperoni, so it is moistened by the juices of the Italian meats but stills holds the crunchy, airy feeling in the bite.
Pickle wedge on the side. Choice of side
A nice M.L.T. - a mutton, lettuce, and tomato sandwich when the mutton is nice and lean and the tomato is ripe…