Why hedge the coming economic collapse with GOLD when you can do it with Twinkies?
With tens of millions of people out of work, utterly stagnant economic growth, and increasing government intervention (always an economy killer, duh! If it wasn’t an economic disaster the USSR would be the most successful country on earth and instead it’s not doing very well gone! Or North Korea, you know, that bastion of central planning and control, better known as the country that doesn’t have any lights! But I digress…), many Americans are worried about what to do if and when an economic collapse occurs. All the experts on TV and in the papers are saying inflation and other dire consequences are imminent, and they seem to have some evidence to back it up.
How does the average person plan for this? How does one prepare for Argentinian-style economic collapse? Myriad ads tell us to buy gold. Gold is a great hedge for inflation, it used to be our money and it was stable, yadda yadda yadda. I have to admit, gold is shiney and pretty, which is a point in it’s favor. But we no longer have an infrastrucure for using gold as money and it would take some time for that to redevelop; in the meantime you might be starving. It’s much better to hoard Twinkies and bullets.