Originally Posted By: chaosmagnet
Originally Posted By: Brangdon
As a hedge against financial collapse, or hyper-inflation, gold is surely more reliable. (Or bullets, or first aid supplies, or toilet paper, or whatever.)


People argue whether gold has intrinsic value -- to me it clearly does for certain industrial uses, which may or may not be around in the case of financial collapse, hyper-inflation or whatever. Ammunition (loaded or components), first aid supplies, toilet paper, and so on have intrinsic value. The intrinsic value of paper currency is extremely low, and bitcoin has none.

I own stocks so I must be an optimist laugh.


From everything I've read, stocks are supported by QE and the Russell 2000 has a PE of about 100 -- way overvalued. For those who have 10 minutes -- Michael Pento mp3