Going for the gold - hedge against the apocalypse

Quote from karl-dcb:

Well, maybe there is no 1:1 hedge against the apocalypse (as far as money is concerned)...

In his book, Pit Bulls, Marty Schwartz explains how he had gold bullion stored in a safety deposit box. On one occassion he felt the US economy was near collapse and describes lugging a briefcase full of gold bars through the streets of NYC.

Does anybody else put their wealth into some other item of stored value?

Recent corporate scandals and that ever present"uncertainty" has convinced me that the money I have in my brokerage acct is all the money I want exposed to the markets.

I know real estate will be a big answer here, but many people don't want the hassle of owning and maintaining land/buildings.

I'd like to know what other ETers think.

-cheers-
Karl
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Now, Marty owns a stable of thoroughbreds, maybe you should update your views as well.
 
To get a realistic picture of what might ensue, go dig out a copy of the movies that launched Mel Gibson's career, the Mad Max series. I think the first one was called Mad Max and the second one, the best in my opinion, was called Mad Max, the Road Warrior. Don't bother with the third which featured Tina Turner, it was a typical sequel rip off.

I can't see the wisdom of owning real estate in an apocalyptic world. Property rights will no doubt be lost, either through government action or anarchy. Similarly, it will be essential to have stockpiled weapons and ammo, as gun bans and confiscation, like they tried in New Orleans, will be a definite possibility. The only real defense will be to have a refuge in a defensible rural area, eg Appalachian Mountains where figitive bomber Eric Rudolf was able to elude a federal manhunt for years.
 
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