Me: While precious metals or crypto may be a store of wealth as argued by many, I think I’d sooner ‘invest’ what little surplus I have in physical tools/supplies to help my family/community become more self-sufficient and resilient. As the saying goes, you can’t eat gold. Physical materials that will help in food production, procurement of potable water, and regional shelter needs may be a much better focus for folks than either fiat, electronic wallets, or metals at this point in the fourth turning…oh, and a means to protect what you have may be wise as well — from community cohesiveness to armaments of some kind.
Weirdly: Saving money is for excess value. You have it right. Tools, businesses, friends, community until you are limited, then save in bitcoin.
Me: I think I’d sooner save excess in silver/gold than bitcoin. Chances are high that grid-down scenarios are likely to increase in frequency and size as the center loses control making electronic-based ‘wealth’ about as useful as our politicians…but as price inflation is quickly eating away any excess for me, this may be a moot point.
JudgeSmails984: Grid down scenarios? Are you high? I live in Northern California where they shut the power off when it’s windy and ask you not to charge your EVs in the summer when everybody is using their AC, and still, the power never goes out for more than a few hours, anywhere.
your “increasing frequency of grid down occurrences” statement is idiotic and not based on real world reliability data. Outside of natural disasters and yahoos shooting up transformers here and there, the electrical grid is a highly distributed architecture of critical infrastructure, and there are almost no significant outages, anywhere that matters in the US.
Also-almost all critical facilities like hospitals and law enforcement all have backup diesel generators-our electrical system is very robust and resilient.
how so many people plan their investments around something that never happens, has never happened but might happen, is beyond me. It’s like taking a parka into the desert at noon because it might snow while you are there…it could happen, the next ice age could begin today.
JudgeSmails984: I have a 3 month instability limit. You shut the lights off and leave the humans without food to fend for themselves, I have one bullet for myself in that unlikely scenario.
Given that my current GF is diabetic, she’d probably check out a month after the CVS stores ran outta insulin.
I have freeze dried food, some gold, silver, cash to get through a short period of disorder, but I have no interest in living rough, like indefinitely, for years without security, food, comfort etc. through a new, post apocalyptic dark age.
I’ve had 50 good years, rather go out with a bang than suffer slowly and watch those I love perish.
Good luck with your long term ambitions though. Hope nobody you love gets a tooth abscess or bacterial infection…once cured at the clinic on the corner, now likely fatal.
Me: Living ‘rough’ is completely subjective in nature and our species has done so for many, many millennia in the past; and by all accounts (despite the misconceptions of many due to a focus upon what befell the ruling elite upon previous societal collapses) lived fulfilling lives.
Yes, some of our complex conveniences will be absent but a lot of what befalls a complex society during its ‘collapse’ will actually be an improvement for many; that’s why and how collapses happen, it’s an economic/political choice by people who abandon the systems imposed by the ruling caste of a society for what they perceive as an improved situation — read archaeologist Joseph Tainter’s The Collapse of Complex Societies.
If your local community is self-sufficient and can get through the initial chaos of faltering/declining complexities, there’s no reason a ‘dark age’ cannot be avoided.
HardKnoxKid: Totally agree…… My yard is full of estate sale tools….. lots of hoes, shovels, metal rods, rolls of electrical wire….. great buys at some of these sales……. one day, all those nice electronics folks have will not do them poop….. watched a 30 year old black woman in my country meat market….. had 3 kids under 10…. she walked in right before me…. got out of an old Corolla, but clean….. kids very well mannered. She was looking at the meat, and telling the kids maybe they would have beef for dinner…. and picked up a couple packages of stew beef…… As I shopped, I saw her being very wise. After I paid for my small cart, I found her adding up her few items….. I gave her a $50……. told her to buy steak or whatever she wanted….. she was very reserved and cried lightly…… I could tell that “she” had a rough upbringing….. and if I could help her just for an evening, then that is my pleasure…… And yet, we send trillions over seas for all the crooks………Don’t have any vehicle or mortgage or credit card payments….. don’t give to big charities…… this is my way of giving…… It feels good.
Surreality: That’s good in the community. I think do both. We and our communities also need to preserve our wealth as well as have resources to be resilient.