"In the public consciousness, its portrayals have all the makings of a doomsday cult: a tribe of unkempt misfits who hoard gold bullion, study herbalism, and preach about the imminent collapse of our society."
Well, that hasn't aged well...
If you had bought gold 7 years ago, you would have doubled its value.
Over five years VTI is up 77% vs gold at 54%. VTI is up over 100% since Jan 2015. GLD is only up 45%.
> If you had bought gold 7 years ago, you would have doubled its value.
And you would have made the wrong investment choice, because the stock market outperformed gold.
Gold has a reputation as a great inflation hedge but it hasn’t really lived up to that reputation at all in recent history.
I go outside a lot. I don't watch the news, I watch people. Have you seen people in the past 2 years? Do you think they are acting normally? Were they always insane?
Do you also think that there is a planned reset going on? One that involves us moving to technocracy? With govcoins (aka UBI), bio-medical-security-id, energy rationing, etc.
Does the stock market meaningfully relate to reality? Does crypto? Did you know that Western governments have the ability to seize people's wealth from their banks, like in Canada?
My view is that the preppers sounded crazy then to me, but sound a lot less now. I reckon in 5 years time, they will appear to be modern sages.
If anything, it's an accurate description of preppers. Together with the unsustainable individualism.