NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.
It was rare. That’s it. Also easily made into coins.
Things like that would be useless in full collapse.
So you think that the world will collapse in such a uniform manner that it will collectively decide that something we used as currency for thousands of years will no longer be used?
I’m not saying guns, ammo, good, and water will not be worth a ton. But that’s doesn’t necessarily mean gold wouldn’t return to being currency. Especially if the price of gold rises as the world collapses and it is used to purchase those other necessities. Like those other things are bulky. If say a gold coin can get me many gallons of water, the coin becomes valuable as a relatively easy to transport token of value. Isn’t that all currency has ever been?
Yeah but with no empire to back its value, gold is worthless except as jewelry or a very good but brittle conductor.