660
US stock market loses $5 trillion in value as Trump plows ahead on tariffs
(www.straitstimes.com)
this post was submitted on 10 Mar 2025
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politics
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I feel like it's about time to shift money into gold securities or something tangible as our reputation based currency systems take a beating.
I thought about precious metal securities. I wonder if you can buy rare earth securities yet? I'm honestly thinking about getting the physical stuff and hiding it. Insane. I wouldn't have believed I'd be thinking like this half a year ago.
It's all about what level of collapse are you trying to shield yourself from. Like if you're talking worldwide mad max, no electronic claims to wealth will be honored, only physical substances, like actual gold, water, guns.
But if it's just a economic recession or depression and we aren't seriously talking about countries going away... Yeah I'm thinking gold securities, lithium probably. The guy in The Big Short started started buying up water next, for what that's worth.
In a Mad Max scenario gold will be worthless compared to fuel, water, food, medical supplies, weapons, and drugs.
Hey, even in medieval times gold was currency! I don't know why, except for is shiny.
It was rare. That's it. Also easily made into coins.
Things like that would be useless in full collapse.
So you think that the world will collapse in such a uniform manner that it will collectively decide that something we used as currency for thousands of years will no longer be used?
I'm not saying guns, ammo, good, and water will not be worth a ton. But that's doesn't necessarily mean gold wouldn't return to being currency. Especially if the price of gold rises as the world collapses and it is used to purchase those other necessities. Like those other things are bulky. If say a gold coin can get me many gallons of water, the coin becomes valuable as a relatively easy to transport token of value. Isn't that all currency has ever been?
Yeah but with no empire to back its value, gold is worthless except as jewelry or a very good but brittle conductor.