The problem is that if the banks fail they will take the world economy with them.
At that point we are talking third world barter—everywhere—and there will be no “safe haven” anywhere.
That is my issue with gold—if everything hits the fan there will be no gold market.
Gold is best in a period of high inflation that is not bad enough to crash the entire economy—that is a “goldilocks” outcome that is fairly unlikely over the medium or long term.
I hear ya’. Purpose for this post was for sharing info only.
Attempting to share information to those who might be as dim
as I when it comes to economy. Still hesitant re crypto and the newest way to ‘bank’, gold/silver are only worn as jewelry. Stocks and bonds= s/m That leaves a choice (for me)
of banks and credit unions. Best wishes for good decisions
If it hits the fan, firearms, ammunition, whiskey (spirits), diesel/gasoline, medicine, food will be the bargaining items of choice. Fiat money and gold will be worthless.