Apocalypse or Gold? The Debate on Hoarding Precious Metals in an End Times Scenario
The question of what to prioritize during an apocalypse is a complex one. Many turn to precious metals like gold and silver as a safe haven investment, especially considering historical events that have led to drastic market bubbles.
Market Bubbles and Historical Context
The 1979-1980 silver market bubble, orchestrated by brothers H. Howard "Bunker" Hunt and Herbert Hunt, is a prime example. Driven by their controversial beliefs and a market that was soon to change due to regulatory interference, the Hunts nearly brought down the silver market. By the end of 1980, silver prices had plummeted from $60 per ounce to less than $10, causing the Hunts to go bankrupt.
These historical precedents underscore the risk of hoarding precious metals. While they might seem like a good investment when the market is stable, during fluid situations, a lack of buyers might make them equally or even more difficult to sell.
Market Stability and the Value of Other Assets
Hoarding precious metals can be advantageous when there is a functioning and accessible market. However, in an apocalypse scenario, when markets are volatile and potentially non-existent, alternative investments might become more valuable. Below are some considerations and potential substitutes.
Alternative Investments
Salt: Unlike precious metals, salt retains its value and is universally useful. Essential for preserving food and triggering trust in bartering. Salt has served as currency throughout history and could prove invaluable in an unstable economy.
Survival Skills: Learning essential survival skills like hunting, trapping, and foraging can be more beneficial than hoarding metals. Skills will always have value and can be traded for much-needed goods and services.
Bartering for Essential Services: In a crisis, specialized skills can be highly valuable. For example, if you can provide medical services, repair equipment, or offer other crucial services, you might find a different kind of currency in negotiation.
Understanding the Root and Literal Meaning of Apocalypses
The Etymology of the Word Apocalypses
The word apocalypse comes from the Greek language, drawing its meaning from two key parts: apot- and kaluptein. Apo- means 'off, away' and kaluptein means 'to cover, to hide.' This etymological breakdown suggests that an apocalypse is a revelation or uncovering of something that was previously hidden.
The Literal Meaning of Apocalyptic
In its literal sense, the term apocalyptic relates to the disclosure or revelation of hidden knowledge, events, or a destiny. The term is also often used to describe situations of impending disaster or doom. Therefore, the events leading up to an apocalypse are often characterized by signs of a coming cataclysm, making the term appealing in contexts where finality or utter chaos is anticipated.
While the context and situation surrounding each apocalypse may vary, these historical precedents and meanings might offer valuable insights into how to prepare for and handle crises. Whether you decide to hoard precious metals, focus on skills and bartering, or explore alternative assets, understanding the potential volatility of markets and the unpredictability of emergencies is crucial.