• 11 Posts
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Joined 3 months ago
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Cake day: September 22nd, 2025

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  • Edit: My bad, forgot rich == evil.

    Ehhhhhh, some, sure.

    But on the flip side, you have folks like Bill Gates who has more or less devoted his life to saving as many lives as possible.

    Or Buffett who last I heard had donated some 50 or 60 billion to different foundations.

    Even Musk, for all his recent evil got rich trying to reduce our dependence on gas cars. As much as I dislike the man, I imagine the electric car industry would be pretty far back in his absence.


  • Complete societal collapse, hard to say what, beyond the basics, would be useful as a medium of barter.

    But, in a society facing major issues, e.g., hyper inflation, or say, a US government default, yeah, gold is a pretty decent hedge bet.

    The traditional safe haven has been government debt but that’s been seen as an increasingly risky bet where you could lose a lot of money to inflation or worse, government default/intervention.

    So, while not ideal, gold at least seems a better bet than most other “safe” places to put one’s money.