Message from @Spergerger
Discord ID: 651745032730050579
Financial apocalypse is gonna happen. $1.8 quadrillion of fiat (all the worlds banknotes, coins, savings accounts, chequings accounts, additional accounts, all debt, all value in stock markets, all funds invested in real estate, all money invested in derivatives and other financial instruments) is going to collapse within 12 months from today. Only 6.6 billion troy ounces (31.1grams = 1 Troy ounce) of gold has ever been mined throughout history, so an ounce of gold accounts for $273,000 of this fiat but in reality it is more since roughly 15% of all the gold that’s ever been mined is lost. Silver too is good, roughly 66 billion ounces of silver has ever been mined so an ounce can account for $27,300 of this unbacked fiat but in reality it’s more since roughly 40% of all the silver that’s ever been mined is lost. Invest in the insurance of god before it’s too late. A literal ounce can save you.
What makes gold worthwhile?
How is "gold" going to be worth anything if modern agriculture collapses?
If modern infrastructure collapses
Shiny
Gold and silver are good for a post-war scenario
Useless for post-nuclear-war scenario
And history
To the poll, ideally I don't think we should be teaching jobs in school because we should all just have family farms :). But in reality right now it should be trades or stem.
Rare =/= useful
trades are the foundation of any civilised society
So is art tho
art is kinda the foundation of any society
there is an overlap ig
a carpenter can also be an artist
plumbing is one of the most important things to society
(Even though silver is used alot in manufacturing)
gold is pretty useful tbh
very ductile
How?
lots of electronics use gold
But in light's scenario
Electronics are also rare
can gold be used for disinfectant?
silver and copper used to be used for these things
Anyway
The main driving force for their value will be scarcity
If your scenario where modern agriculture or modern infrastructure collapses
Its scarcity and our lack of ability to mine more on an industrial scale such as before will drive up its value
Making it prime for new financial systems to use gold or silver backed currency as a medium of exchange
Rare =/= valuable, worthwhile
You know whst would be more worthwhile?
More valuable metals, food (preserved, perhaps)
Anything really
I'd argue thst by being so scarce, it'd be worth less than some more common things
As not enough currency would exist for everyone
this nigga out here advocating for a barter economy
We'd resort to bartering until a new state arises
At which point they'd likely issue their own currency
I dont think people struggling for survival will be in thr gold market tbh
we would trade with bottlecaps