Bleaney
Bluelighter
- Joined
- Mar 13, 2021
- Messages
- 3,036
If 'the end of the world is really nigh' any time soon, then losing all your money in the markets is going to be the least of your worries, and not really going to matter one bit, at that stage.Or maybe even a couple full percentage points off for risk of species extinction.
What do we think?
Whether you own stocks in individual companies, or index funds of whatever type.
It reminds me of the situation of the Jews in the harrowing but awesome movie The Pianist, where some of them had manged to keep some of their money despite the Nazi raids, but there was insane profiteering among the refugees on their way to the death camps.
With kids charging many times the previous value for a bar of chocolate etc. The price was paid, along with saying something like 'what good is all that money going to do for you, considering where we're all going'. I know it was 'only a movie', but certainly based on true events, and it's not hard to imagine scenarios like that. Money would lose it's value, and bartering with useful goods and food would be the real currency.
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