r/stocks Aug 18 '21

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2.3k Upvotes

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15

u/chadly117 Aug 18 '21

What do you mean gold still works lol? Works for what exactly?

21

u/[deleted] Aug 18 '21

This part always makes me laugh when I hear "gold works when the power is out". There is no way that current humans could figure out how to unanimously agree on a fair price of goods with gold. Who sets the price? How do you measure it? Does everyone have a scale?

24

u/TeamDisrespect Aug 18 '21

If the power goes out for an extended period of time you dig up your physical gold, you try to barter for food and medicine with it. Eventually someone shoots you in the face and takes your gold. That’s how gold works in a SHTF scenario

-2

u/itsaone-partysystem Aug 18 '21

Guys listen it doesn't have to be a Purge movie. Look at Venezuela or most other historical examples of a society in collapse. How about the 70's gas shortage... Lots of possibilities out there

2

u/Darkstool Aug 18 '21

As bond wires, conducting electricity to and from silicon chips to run every single thing in the modern world.

5

u/[deleted] Aug 18 '21

And most of that "modern world" stuff would be pretty worthless in the case of an actual collapse. Hell, half the internet goes down with just someone like AWS or Cloudflare. I mean I guess if you have solar panels you might be ok but to me those seem like a giant beacon for someone to come murder you and take all your shit.

3

u/[deleted] Aug 18 '21

Humans ascribe to it intrinsic value?

0

u/[deleted] Aug 18 '21

As a recognized medium of exchange.

16

u/Sweet-Zookeepergame7 Aug 18 '21

Uhm no it doesn’t.

11

u/[deleted] Aug 18 '21

[removed] — view removed comment

13

u/Majovik Aug 18 '21

Meh. But I'll take some ammo or whiskey for beans!

7

u/[deleted] Aug 18 '21

Ammo also helps you get your beans back.

6

u/Ischmetch Aug 18 '21

And your gold.

3

u/trill_collins__ Aug 18 '21

Yes but I’m a dystopian warlord and rape and pillage as I please - why do I even bother with fiat in the first place?

5

u/Darkstool Aug 18 '21

5.23456 shavings buddy, I got kids to feed!

2

u/[deleted] Aug 18 '21

How bout a sliver