In a hyper-inflationary environment gold is your best hedge because it has been used as a tangible store of value for thousands of years. Bitcoin is worthless in the event of a grid failure. The only thing people will accept is gold! Real money!
Okay, sarcasm off, what the fuck are gold people thinking? If the west experiences a grid failure there will be massive shortages of all kinds, but most especially food. Remember the 2020 toilet paper insanity? It will be like that to the power of ten, except for everything. Nobody will trade you a gold doubloon in exchange for a sack of apples. Are you going to shave off a couple grams from your gold bars?
Gold is remarkably inert making it not useful for many industrial applications. Don’t talk to me about rocket-ships, that is a niche industry that wont exist in the doomsday scenario. Most gold is for jewellery or stacking in a vault. And yours better be in a vault or it will be stolen by under prepared bitcoiners.
Can a gold person tell me how they plan to spend their gold bullion when society collapses and anarchy reigns? People will be in survival mode, and they’ll want food, water, salt, and ammunition. Gold will be almost worthless. Given its track record over the past few decades, it appears to be a poor hedge against inflation in fact.
Gold fucking sucks. It doesn’t pay dividends, it cant be spent like cash, it will be easy to steal when the world goes to shit, and you cant eat it anyways, so what is the point?
If you know, please tell me: Why am I stupid?