Is it smart to hedge against a collapse of the financial system?
Answer by Anonymous:
You have two questions here:
1) What are the odds that the entire market goes to hell in our lifetimes?
Everybody has their own opinion, but since you're asking me:
The way Americans make, save, and spend money, and the manner in which we our taxed will probably be vastly different 20 years from now. That said, I doubt we'll abandon a currency system.
Will it get ugly? Probably. Will it all go to hell? Probably not.
2) Is it worth "diversifying" into a contingency plan for that situation?
If you're asking if it's worth it to invest your money into a contingency plan that would give you a money return in a world where money has no value, I would say no.
If the goal of your contingency plan is to be prepared for a post-zombie-apocalyptic world, then I assume you're asking if you should stock up on things like water, non-perishable food, and weapons. Whether or not you want to take the "doomsday preppers" route is up to you, but personally I'm not too worried about it.