Gold coins
Can’t eat gold.
I’m old school in this sense. Gear, thunder sticks, things that thunder sticks use, and books on certain subjects are useful.
Only if you assume whoever you want to trade with has change or you are lucky enough to have the exact amount of gold to trade in. When inflation was rampant in Argentina they found that it was better to have small pieces of gold jewelry than coins or bars. Easier to trade with.
You can’t eat gold and it won’t heat your home. Gold is supposed to preserve purchasing power but in times of survival, no one cares about gold or paper money.
Starvation turns human beings into savages. In Venezuela, people are eating their dogs.
The only tradable exchange currency during such times are BEANS AND BULLETS. Gold, silver, diamonds have no value.
The best way to play gold is to sell into the fear, buy ammunition and food stocks and use profits to buy back gold as it crashes.
Gold in such times is a unit of emotion, of fear.
The only problem with gold (well, maybe not the only problem) is that the government already outlawed private ownership of gold once. Yes, you could horde it, but exchanging it for goods and services would be problematic.
Another problem would be transferring it out of the country, at least by air, as I assume airport metal detectors would notice.
ML/NJ
Ooh, I love those, go great with oatmeal and a little brown sugar.
IOW: you can’t EAT metals.
Yes, the correct answer WAS “land.”
Knowing how to farm it is the second.
I argued with idiot brokers at Smith-Barney (who didn’t put in stop-loss orders when I requested them) over this, same with Edward Jones (whose net investment earnings over a ten year period averaged out to about 1% per annum) and my former Bernie Madoff childhood lifelong “friend” who misallocated (pricey family vacations, investment properties that lost money year after year while issuing quarterly statements that were pure fabrications) my 401K leaving me broke (well, me and 5 other people who took him to court and wound up losing our case and all our money and FINRA didn’t see fit to sanction him, his bank let him go, THEY said what he was doing was “on the side,” although he used bank time, equipment, secretarial staff to run the scam).
Every “investor” had the same tone of scorn and derision when I’d mention land.
“Uh, huh. You wanna buy DIRT!? Just DIRT?”
Um, yeah. Now that I own close to 200 acres of COUNTY farmland 99% of which is tagged green space, I pay less in taxes in TN than I do on 0.23 acre here in MD, and part of it is being farmed, a greenhouse being set up.
All those brokers will be looking at their gold, and silver, platinum and palladium asking themselves why THEY didn’t buy “just DIRT!” when it was still possible.
Oh, and you need a community. I’m close to Amish, very close with half a dozen neighbors.
THAT’s the kind of investment that pays dividends through hyperinflationary cycles.
“Gold coins.”
How so? Physical gold is a horrible investment and is not a hedge against anything. In addition to the cost of gold coins, there are buy and sell commissions (disguised as the bid-ask spread), which can be as high as 40%, storage fees, and most significantly, the 28% capital gains on gold coins held for more than a year. Only a fool would buy physical gold as an investment. Indeed, if gold is such a great investment, then why are there so many talk-radio and TV charlatans who advertise to sell their gold instead of asking to buy your gold?
The last time we had hyperinflation was back in the Jimmy Carter years when you could buy 30 year treasuries with a yield of 10% or higher and 10 year jumbo CDs paid 14% or more. As inflation deflated during the Reagan years and beyond, the face value of high interest bonds and CDs increased proportionately. Most significantly, the interest from treasury bonds is tax free at the state and local level and municipal bonds are tax free at the federal level and in many states, at the local level.
Indeed now that the 19 trillion has passed I will enter a few more gold positions.
Yup.
Old silver content silver coins, often called junk silver(US coins are pre-1965).