/biz/ - Business & Finance

>muh "YOU CAN'T EAT GOLD AND SILVER"

You fags don't have the slightest idea how economies work or develop.
Do, please, tell me about all those times that the economy was gone permanently following a collapse, never to exist again.


Step 1:
People start bartering shit. Afterall, its a good way to survive and get a new market moving again.

Step 2:
People start needing some sort of physical, solid currency as this new economy expands. That way, farmer greg can keep the worth of his potato crop that year. Something solid that they can hold in their hands and trade down at the local market. Something like, oh, I don't know, that useless shiny metal that literally every civilization has used for the past 10,000 years?

Step 3:
People start realising that "useless shiny metal" is a good asset to trade with because it is solid, durable, doesn't spoil, isn't permanently expended when used (unlike food), is rare (therefore not causing inflation) and has a fairly static supply leading to low volatlity.

Step 4:
Everybody starts using it more and more because of the value they get out of it, ie. by trading it for goods and services.
The flow of this useless shiny metal thoughout the now blossoming economy allows for larger and larger amounts of value to be stored, allowing for local warlords to fund their armies, merchants to bring greater amounts of goods into their lands, and everyday folk to have some semblence of economic security.

Step 5:
Congratulations, you now have a working economy again, civilization has restarted once more, and the cycle continues for the 1000th time in the past 10,000 years.


tl:dr:
The so-called "apocalypse" does not kill the value of shiny metal, and anyone who says "You can't eat gold" and thinks they're going to become Mad Max during the upcoming crash is a LARPing faggot.