facebookDuring global pandemics & wars, many would say that precious metals value increase during those times. If you think the end of the word is near, would you invest in Gold/Silver? - Seedly

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Anonymous

04 Aug 2020

βˆ™

General Investing

During global pandemics & wars, many would say that precious metals value increase during those times. If you think the end of the word is near, would you invest in Gold/Silver?

End of the world investing strategies

Discussion (10)

What are your thoughts?

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If the world is coming to the end, what is the use of having money and assets.

Robin

01 Mar 2023

Administrator at SG

I think gold as an insurance or a piece that you can bring when you flee a country during war to start over. In the process, it can be stolen, confiscated or destroyed.

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I rather see it as a hedge against counter party risk when there is an economic collapse and banks freeze their assets and people go back to butter trading. Likelihood again is very low.

I for one would not be thinking about investing at such times.​​​

Chris Susanto

02 Aug 2020

Founder at Re-ThinkWealth.com

If end of the world is near, we should not think about investment.

We should think about our family and neccessaties like food and water lol.

On the other hand, if one can buy stakes in companies that provide those neccessaties and we can have some control over it, that would be good too. Haha.

Feel free to join my free telegram channel here.

Nah man . If the end of the world is coming we should buy toilet paper. How can you wipe your ass wi...

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