Gold Hoarding for Doomsday Prepping
Millionaires and elites are hoarding gold as part of their doomsday preparations to use for bartering in case of an economic collapse or other catastrophic event. Gold sales have surged due to concerns over the devaluation of the dollar and potential economic instability.
Key Points
- Surge in gold sales due to concerns over dollar devaluation and economic collapse
- Gold considered a safe haven asset in times of economic uncertainty
- Gold can be used for bartering in a doomsday scenario if traditional currency loses value
Pros
- Gold can be a valuable asset for bartering in a doomsday scenario
- Provides a sense of security and preparedness for elite individuals
Cons
- May contribute to economic instability if a large number of people start hoarding gold
- Could lead to unequal distribution of resources in a crisis situation