But, keeping both feet on the ground, I'm tempted to think that if the economy collapses I'd not be very interested in buying precious metals. I'd be looking for food, a roof to live under and safety.
My grandfather lives in a great depression in Manhattan. He told me some crazy stories, but you know what most people made it through. I think this time our system is more fragile, but I have no doubt that human survival is much stronger than me think as well as human socialism.
For instance, I am homeless living with schizoaffective disorder and I’m not worried so why should you be?
https://www.cnbc.com/2026/01/30/silver-gold-fall-price-usd-d...
On January 26, 2026, silver experienced its largest one-day jump in 45 years, with front-month futures soaring by 14%. Spot silver prices surged to over $109 per ounce that day, driven by heightened safe-haven demand and industrial usage. The rally continued to push silver prices toward $120 by January 29, 2026.
And regardless, silver is still at an all-time high.
When you start saying that the news is biased against certain commodities or equities, you’ll start to see how the game is played. This is a tactic of JP Morgan.
Volatility is expected. Always remember that. Volatility is expected in fragile economies.
IMO Paying your debt always seems prudent - whether we'll see huge inflation or even deflation - when you can live in the thing you're paying for.
Holding asset yourself (gold) causes logistical issues and massive buy/sell split on your side, but it has some advantages too.