Gold will be worthless. Try eating a $2 million painting. In a real depression, large cities will collapse in a matter of weeks. No more welfare; no more food. Food riots follow. If winter, heat and electricity riots. We’re talking about the most valuable commodities being shelter, food, fuel, clean water, electricity, and means of self-defense. I live near an interstate. In the 1930s there were no interstates and private cars dwindled fast. People camped on open land. That land is now owned privately by homeowners. Today, as hundreds of thousands of starving Bostonians come streaming out of the fallen ghettos of Dorchester, Roxbury, and Mattapan, gold ain’t gonna do it. While towns like Boston, Newton, Cambridge, and Hatfield ban the ownership of private firearms, the fact is that 85% of MA towns do not. Democrat/Liberal policies that guarantee such a depression must be overturned.
p.s. An economic collapse also means the end of a real U.S. military. China could actually stage a benign invasion of the U.S. with the acquiesence of a Lib/Dem/Marxist government “as a gesture of good will towards our unfortunate American friends.” We would be powerless to stop it short of a nuclear war. Sort of like the Nazis “reuniting” adjoining countries with Mother Germany.
Gold will be worthless.
You can hypothesize a scenario where there is NO food, and therefore nothing will buy food.
Gold isn’t intended to help YOU survive a crisis, it’s to help YOUR (spare) WEALTH survive a crisis.
OK. Make that, guns and food.