Gold and Silver will retain value during an economic collapse as they are still used in industry, for example water filtration and elections.
What's funny is this is how it's always worked, yet few seem to realize the impeding "crash" will be a result of multiple waves of resets. Meaning, the USD will be cut in half overnight. If this is the case, we can all be assured that once the reset begins, the FED will be exposed and reorganized, leading to a correction of the backing of our economy, which will eventually be gold (and likely silver too in a bimetal standard). Credit will suffer one of the first big hits and most debt will be forgiven (namely student loan debt).
What most tend to miss is that once our currency is finally backed by something, which will be precious metals, the price of these metals needs to be adjusted to account for all of the wealth our country has and owes. This means that if gold becomes the medium used to back our currency, it must match the price of all debt our country has accrued along with the leftover aspects of our economy. For instance, if the estimates of 8,000 tonnes is correct and it's true that we have at least $26 Trillion in debt, we could see the price of gold skyrocket in a very short time.
Of course, these numbers could be obscured heavily and on purpose. I've seen estimates of $200 Trillion in debt, $50 Trillion, etc. 26 seems like a low number now and I believe the estimate that paired with the suggested 26T is somewhere around $85,000 per ounce of gold.
In other words, fucking buy precious metals.
So does that mean I should also keep copper, steel, aluminium, and other metals around?
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