The Business Times

What asset do you flee to when the world collapses?

You need the skills to pay the bills - more than stocks, bonds, gold, property or cash

Published Fri, Oct 18, 2013 · 10:00 PM
Share this article.

THE idiocy - sorry, events - that befell the US government in the past few weeks have certainly made one think harder about the kind of asset that is safe to hold as a financial apocalypse looms.

US Treasuries look hopelessly inadequate, gold can't be eaten - and stronger people will take it from you anyway. Meanwhile, try convincing the chicken rice seller to take your Bitcoins as you fend off squatters from your multiple properties.

If the world is going to sink into a second Great Depression as the mightiest economy in recent history looks set to self-destruct (as was the case this week), you had better prepare for not just seven years of famine, but something closer to 17.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to

New Articles


Get the latest coverage and full access to all BT premium content.


Browse corporate subscription here