/biz/ - Business & Finance

>>8142292

What happens in that transition is anyone's guess and a question of how much one can strategically position oneself economically and militarily. However when everything's erupting and colliding and collapsing into everything else and all bets and debts are all contingent on all others - lots of institutions and people start to want something which has absolutely no credit or fiat or counter-party risk involved.

Gold just is. Silver just is. It's just physical shit which people have historically assigned value to for the reasons outlined above. It's immune to all of the risks.

Which is why China and Russia have been hoovering up so much of it - they no longer trust the financial system the US has start to mishandle and abuse and they want to be ready for it when things start to snap...