The value of fiat currencies are backed by the state. In the absence of a successful global revolution achieving communism in the next 50 years, this retirement will have to be under a state.
Things of “actual value” i.e. food, water, shelter and the means of producing them cannot be hoarded in sufficient quantities to retire on with a state backing your ownership of these things.
Planning to retire in a stateless non-communist future is idiocy.
Global warming will either cause the collapse of near all modern states, or it won’t. Planning for the former eventuality is a fantasy because you can’t know how such an event will actually happen, where is safe, whether you can be safe and you also have no guarantee of being nearby whatever you have stockpiled when the collapse happens.
In the event that the world’s various states do survive the next 50 years, planning to retire with currency is probably fine, and it’s not any less safe a bet than anything else you can do individually.
In the event that the world’s various states do survive the next 50 years,
Unless your retirement account is a mix of multiple currencies held in person you’re banking (pun intended) on your particular government and financial institutions surviving for the next 50 years and not facing a single hyperinflation crisis. Even if you hold gold you’re banking on there not being a steep drop in the price of gold.
I would say if you can afford it at least keep stockpiles of stuff like dry rice (which lasts llmost indefinitely is stored right), canned food, maybe medicine.
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The value of fiat currencies are backed by the state. In the absence of a successful global revolution achieving communism in the next 50 years, this retirement will have to be under a state.
Things of “actual value” i.e. food, water, shelter and the means of producing them cannot be hoarded in sufficient quantities to retire on with a state backing your ownership of these things.
Planning to retire in a stateless non-communist future is idiocy.
Global warming will either cause the collapse of near all modern states, or it won’t. Planning for the former eventuality is a fantasy because you can’t know how such an event will actually happen, where is safe, whether you can be safe and you also have no guarantee of being nearby whatever you have stockpiled when the collapse happens.
In the event that the world’s various states do survive the next 50 years, planning to retire with currency is probably fine, and it’s not any less safe a bet than anything else you can do individually.
Unless your retirement account is a mix of multiple currencies held in person you’re banking (pun intended) on your particular government and financial institutions surviving for the next 50 years and not facing a single hyperinflation crisis. Even if you hold gold you’re banking on there not being a steep drop in the price of gold.
I would say if you can afford it at least keep stockpiles of stuff like dry rice (which lasts llmost indefinitely is stored right), canned food, maybe medicine.
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