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<p>[QUOTE="Blaubart, post: 2020258, member: 37498"]Define "end of times" scenario. Is there only one? Or do they come in various flavors? Various magnitudes?</p><p><br /></p><p>One scenario that I can see PM having no value is if there was no hope at all for the future. We're talking about the Yellowstone Caldera exploding at the same time an asteroid the size of the Titanic hits in Asia. If every survivor in such a scenario believes there is no chance for anyone to survive the coming winter, then PM would likely have little to no value whatsoever.</p><p><br /></p><p>Another possibility is one where the population is dramatically reduced. As in from 7 billion to 70 or 7 million. In such a situation, each surviving person would have more stuff, probably including precious metals, than they would possibly know what to do with.</p><p><br /></p><p>A collapse of a government or a currency is not such a scenario. Heck, the Great Depression, WWI, WWII, the Great Recession, and the "War on Terror" weren't bad enough that PM lost their value. If there's hope for the future, or hope that people can move to where there is hope, then PM will still have value.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 2020258, member: 37498"]Define "end of times" scenario. Is there only one? Or do they come in various flavors? Various magnitudes? One scenario that I can see PM having no value is if there was no hope at all for the future. We're talking about the Yellowstone Caldera exploding at the same time an asteroid the size of the Titanic hits in Asia. If every survivor in such a scenario believes there is no chance for anyone to survive the coming winter, then PM would likely have little to no value whatsoever. Another possibility is one where the population is dramatically reduced. As in from 7 billion to 70 or 7 million. In such a situation, each surviving person would have more stuff, probably including precious metals, than they would possibly know what to do with. A collapse of a government or a currency is not such a scenario. Heck, the Great Depression, WWI, WWII, the Great Recession, and the "War on Terror" weren't bad enough that PM lost their value. If there's hope for the future, or hope that people can move to where there is hope, then PM will still have value.[/QUOTE]
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