I agree that the bug-out location idea is pretty impractical. And if you’re talking about a person of limited means, as most of us are, seems to me it’s far better to stock up so that you can hunker down where you are.
But investments? WTF? You’re liable to get robbed or killed if you go to the supermarket, much less an ATM or bank!
And I don’t necessarily agree with him summarily dismissing stocking up on TP or whatever. There was a show on a while back called “The New Pioneers” or something like that, a reality show where these folks tried to make it as ranchers in the old west.
Economy is economy. And it reached a natural level.
Food became the single most important commodity. Gear for farming and animal tendering came next.
The third most valuable, and what did actually become worth it’s weight in gold, was the toiletries and such. And being in supermarket retail many years ago, I can tell you the biggest profit supermarkets make isn’t on the steaks or eggs.
It’s on the shampoo and stuff like that.
I've read his outstanding "Modern Survival Manual." He's not against "stocking up," he's all for it. Especially a minimum of several months worth of food, as well as batteries, soap, TP etc. This is so you don't have to risk your life in the mobs, as supermarkets are looted and etc.
He is against INVESTING in things like vast quantities of TP, tools, etc, because he found that in Argentina, despite many tries, "barter markets" simply didn't work. He makes the case conclusively. You need cash at home to buy what is available during the crisis when banks may be closed and ATMs ditto. You need months worth of food at home, to avoid the dangerous times of severe food shortages. But eventually some form of crippled economy reestablishes, and then you need money. Even devalued inflated money. Barter markets simply DON'T work. So don't fill your garage with thousands of bars of soap, thinking you will trade them in barter markets.