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<p>[QUOTE=&quot;Blaubart, post: 1435949, member: 37498&quot;]I&#039;m not a doomsdayer or even a prepper, but I was a Boy Scout growing up and I was in the Army for 11 years.&nbsp; The one thing I take stock in is the simple principle of &quot;Be Prepared&quot;.</p><p><br /></p><p>A lot of people have the same mindset that you have expressed.&nbsp; What value is gold going to have in a total collapse where people are starving?&nbsp; The only scenario I can come up with for a &quot;Total Collapse&quot; where precious metals wouldn&#039;t have value is a large scale nuclear war, or some sort of global disaster like a really big asteroid.&nbsp; Even during WWI and WWII, which was the end of the world for a great many people, precious metals still held value.</p><p><br /></p><p>You have an example of maintaining 10% of a $1,000,000 portfolio in gold, or $100,000.&nbsp; That&#039;s already way beyond what I&#039;m advocating.&nbsp; For a $1,000,000 portfolio, I&#039;d probably recommend at most $20,000 in precious metals.&nbsp; Anyone with a $1,000,000 portfolio can afford a high quality floor safe that would do a very good job of protecting that.</p><p><br /></p><p>But again, I wasn&#039;t calling the person stupid, I was saying his comments were stupid.&nbsp; &quot;Civilized people don&#039;t buy gold.&quot;&nbsp; I assume he says that because in a civilized world, people use money.&nbsp; I got news for ya, sometimes civilized people find themselves thrown into uncivilized circumstances and history has shown us that there are times where the value fiat currency is reduced to zero.&nbsp; Whatcha going to do with all your paper assets then?&nbsp; But hey, this is AMERICA!&nbsp; That couldn&#039;t happen here... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie5" alt=":confused:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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