Can't wait

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Wyatt's picture
Wyatt
Status: Member (Offline)
Joined: Jun 17 2008
Posts: 3
Can't wait

Keep 'em coming, Chris. I think I'll go buy a few gold bars with that pile of dollars in my bathroom drawer.

Alibear's picture
Alibear
Status: Member (Offline)
Joined: Jul 13 2008
Posts: 3
Gold

Gold can get confiscated when times get tough. Can't wait for the next chapter Chris, a fantastic and well documented global insight to the coming storm.

Wyatt's picture
Wyatt
Status: Member (Offline)
Joined: Jun 17 2008
Posts: 3
Re: Gold

From my cold, dead hands, Alibear.

Bytesmiths's picture
Bytesmiths
Status: Silver Member (Offline)
Joined: Apr 28 2008
Posts: 106
Gold is not a basic need
Gold may serve you well as long as there is a need for it, say, through an Orlov Collpse Level 1-3.

However, if things get really bad (Orlov level 4-5 collapse), gold will revert from a prized industrial material, to trinkets for the rich. In that case, it may not buy much food and shelter.

And as you point out, even in collapse level 1 or 2, you should factor in the additional overhead of defending your gold. Gold mining stocks and even safe-deposit boxes can be appropriated by the state or oligarchs or warlords.

If it gets to the point of prying gold from your "cold, dead hands," I'm not sure it will be worth as much as a good shovel or a team of oxen and a plough!

I think we should bank on skills and intangible resources, rather than gold. I can make and operate a distillery, but taking that distillery from me via force without my knowledge will probably result in a bunch of scrap metal. While I'm operating it, I'll wager my whiskey will be worth more than your gold. :-)

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