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330

Recently I saw a post here where the main premise of the post was that Gold would, in fact, be worthless in a true post-collapse world because 'you can't eat gold.' The poster advocated stockpiling things like ammo and toilet paper. I have seen this argument put forth many times and my reaction has always been that Gold will hold more value than little green pieces of paper or numbers in a bank account... but in general I have shared opinion that gold and currency stockpiling will help you get through the collapse but will be worthless post-collapse. You cannot eat gold and it is a poor metal for things like tools etc. Gold has huge value in high-tech and medical... but if we are talking about silicone chip manufacturing it is not really post-collapse is it? If I am subsistence farming and hunting I don't give a fuck about gold.

More recently I have seen people talking about Crypto as an option for non-fiat currency and I think these people don't really understand the value of Crypto. Crypto is a pre-collapse option for storing value that is not based on traditional fiat currency models. But post-collapse is less than worthless. It only works if you have access to a huge global computer network running the blockchain.

So what is 'Intrinsic Value' really mean in a post collapse world? Back when I was in University I took 'Economics 101' and we had an entire chapter and exam on the subject of currency. There are a bunch of qualities that make a 'good currency'. It should be recognizable, transferable, divisible, durable, immutable, etc. But there was only one thing that a currency MUST be, and that is it must be commonly recognized as a store of value.

This often leads to the 'Ammo and Toilet Paper' concept of storing value. This however is not really a currency system but rather a barter system. You are not stock piling a 'Store of Value' but rather stockpiling 'valuable things' The critical difference here is that ammo and toilet paper are consumables - once used they are gone. Currency needs to persist or it withers away. A continuously shrinking 'money supply' does not work.

In today's modern world, if you apply traditional monetary theory, there is only one currency that holds real intrinsic value that does not get consumed when used: DATA and more specifically KNOWLEDGE. Google figured this out 20 years ago.

We live in an incredible age where I can literally do anything and I don't need to know anything to do it. Want to build a house? Watch a bunch of youtube videos with detailed directions. Need to know how to adjust the valve timing on a specific engine? We got answers right at our finger tips. Installing solar panels? Growing crops? diagnosing disease? The knowledge to do all of these things is all right there for us. In a post collapse world this type of knowledge is literally 'worth their weight in gold'

If you really want to prepare for a 'End of the World as We Know It' situation then you should be stockpiling KNOWLEDGE. How to videos, repair manuals, education materials, science videos, and enough tech equipment to read it and view it all. In a post collapse world this type of knowledge will be tradable and highly sought after. This is what would make you 'wealthy' post collapse.

Recently I saw a post here where the main premise of the post was that Gold would, in fact, be worthless in a true post-collapse world because 'you can't eat gold.' The poster advocated stockpiling things like ammo and toilet paper. I have seen this argument put forth many times and my reaction has always been that Gold will hold more value than little green pieces of paper or numbers in a bank account... but in general I have shared opinion that gold and currency stockpiling will help you get *through* the collapse but will be worthless *post-collapse*. You cannot eat gold and it is a poor metal for things like tools etc. Gold has huge value in high-tech and medical... but if we are talking about silicone chip manufacturing it is not really post-collapse is it? If I am subsistence farming and hunting I don't give a fuck about gold. More recently I have seen people talking about Crypto as an option for non-fiat currency and I think these people don't really understand the value of Crypto. Crypto is a pre-collapse option for storing value that is not based on traditional fiat currency models. But post-collapse is less than worthless. It only works if you have access to a huge global computer network running the blockchain. So what is 'Intrinsic Value' really mean in a post collapse world? Back when I was in University I took 'Economics 101' and we had an entire chapter and exam on the subject of currency. There are a bunch of qualities that make a 'good currency'. It should be recognizable, transferable, divisible, durable, immutable, etc. But there was only one thing that a currency MUST be, and that is it must be commonly recognized as a store of value. This often leads to the 'Ammo and Toilet Paper' concept of storing value. This however is not really a currency system but rather a barter system. You are not stock piling a 'Store of Value' but rather stockpiling 'valuable things' The critical difference here is that ammo and toilet paper are consumables - once used they are gone. Currency needs to persist or it withers away. A continuously shrinking 'money supply' does not work. In today's modern world, if you apply traditional monetary theory, there is only one currency that holds real intrinsic value that does not get consumed when used: **DATA** and more specifically **KNOWLEDGE**. Google figured this out 20 years ago. We live in an incredible age where I can literally do anything and I don't need to know anything to do it. Want to build a house? Watch a bunch of youtube videos with detailed directions. Need to know how to adjust the valve timing on a specific engine? We got answers right at our finger tips. Installing solar panels? Growing crops? diagnosing disease? The knowledge to do all of these things is all right there for us. In a post collapse world this type of knowledge is literally 'worth their weight in gold' If you really want to prepare for a 'End of the World as We Know It' situation then you should be stockpiling **KNOWLEDGE**. How to videos, repair manuals, education materials, science videos, and enough tech equipment to read it and view it all. In a post collapse world this type of knowledge will be tradable and highly sought after. This is what would make you 'wealthy' post collapse.

(post is archived)

[–] 1 pt

Yeah but disagree about your take on gold.

[–] 1 pt

Care to elaborate?

I think that gold has had a mystique with humans since the down of recorded history... and it has a very important quality of being finite and hence not counterfeitable. For these reasons I think it could very well be established again as a reserve currency, but in a real collapse people will not care if it is rare and shinny.

[–] 3 pts

>but in a real collapse people will not care if it is rare and shinny.>>

Oh, agree with that yes for sure. But it will have a role in the future, backing currency.

Another thing is that gold might, probably will, skyrocket before the collapse and could be sold for material things from the profit.

I hope for some kind of controlled collapse but I dunno, we are in some scary times right now, and so complex.

Great post, appreciate it.

[–] 1 pt

I don't disagree with you, but i want to point out how you used the words 'probably' and 'might'. I no longer think Gold is a sure thing.

What I am sure of is that the 'Age of Knowledge' is coming to an end. In a real collapse access to knowledge disappears... and if things don't collapse? Well then the globalists win and there is no way that hey will allow normal people to have access to unlimited knowledge. Knowledge is the only real intrinsic value store left I think.

Historically speaking, maybe even to an extent today, the gold itself wasn't the only thing that gave the illusion of power and mystic. In part, it is what people did to obtain it.

If every gold chain around Mr. T's neck represented a tribe or society slaughtered to steal the gold to make the chain then Mr. T would have been revered as a powerful leader not to be questioned or crossed.

[–] 1 pt

In part, it is what people did to obtain it.

If I was worried about where the next meal comes from I would not spend any effort acquiring gold, and hence it will not hold value. This is my point. The rules have changed