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- cross-posted to:
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The families of Sandy Hook school shooting victims voted overwhelmingly in favor of a plan to wrap up Alex Jones’ bankruptcy proceedings by liquidating the right wing talk show host’s assets.
Oof… Lemme tell yeh the people who believe in gold are very dedicated. The idea of a currency collapse where gold will retain it’s value is sort of the hoarding food and toilet paper for an apocalypse move… But gold is just as subject to becoming very close to useless as anything else in situations of extreme scarcity. There are lots of tales of wartime famine where people wheel out and lose what would normally be considered valuable to trade for practically nothing. Other than that the market value of gold can dip just like anything else but people love the stuff by default it seems.
The value of gold can dip if someone digs the right hole in the right place. That alone is a reason not to trust it. I do like the preppers who think gold will be worth more than, say, chickens if society collapses.