• MrNesser@lemmy.world
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    8 months ago

    The imaginary money you invested in gold is worthless if civilization collapsed, so it’s in the rich person’s interests to keep things going so they can pull that investment back.

    It’s more likely we are heading to another US recession, hopefully not as bad as the 1930s

    • thepompe@ttrpg.network
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      8 months ago

      I’m sorry, what? Gold has value regardless of if there’s a government backing it or not. That’s the entire point of investing in it, as a buffer for when fiat loses its value.

      • rbos@lemmy.ca
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        8 months ago

        What value? Can’t eat it, makes shitty tools. It’s shiny, but I’m not going to trade ny potatoes for shiny in a survival situation.

        You can starve sitting on a pile of gold.

        For gold to be valuable you still need social stability.

          • dickalan@lemmy.world
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            8 months ago

            What uses gold when you’re buying/selling potatoes, nobody will think gold is worth anything if society has collapsed it’s just a useless hunk of metal