You know, anytime the economy goes south you start hearing all sorts of people talking about how everyone should invest in gold. Personally, I think munitions are a better place to put your money. I know I’m not alone on this.
I mean, sure, gold is supposed to be great when all the countries are in debt and might default on their loans. As the respective currency is devalued because of economic crisis, gold likely retains its value if not increasing it significantly. I can see that, I really can.
However, once we’re already fucked, isn’t it too late to buy gold? Gold is already at record prices. It might go higher, but wouldn’t it have been a much better idea to buy it long ago? My money won’t buy anywhere near as much gold as it used to. Seems to me I might have missed the boat on that one.
Besides, wouldn’t it be better to stockpile munitions? Perhaps a nice mix of small-caliber handguns, automatic weapons, and explosives of various kinds. That way, when we all descend into a post-apocalyptic “beyond thunderdome” sort of scenario, you can use the munitions to take whatever you want. Plus, you can keep Mel Gibson away from you.
Take those guys who bought all that gold. Even if it stays as valuable as they hope, won’t I just be able to use the munitions I invested in to take their gold? Seems to me that I’d be able to do that pretty easily. What would they do? Throw the gold at me? Hide behind it? If I’d bought the gold instead of the guns then I’d be in the same boat and guys with guns would take my gold.
Obviously I don’t know these things for sure. However, doesn’t it seem like munitions would be a better investment in this scenario than gold?