But are you really hedging against the collpase of _everything_ so that we are at a completely primative level. Or do we mean collapse as in another collapse of the world economy?
If you mean the former, then yes, gold is a good hedge. But if you mean the latter, then I would argue Bitcoin beats gold 100x.
> But are you really hedging against the collpase of _everything_ so that we are at a completely primative level. Or do we mean collapse as in another collapse of the world economy?
The world economy has never collapsed, and if it did, it would be equivalent to the first option.
If you mean a short-term market downturn like the one that occurred with the ~2009 financial crisis, why would I even bother to hedge against that—and, if I did, why would I use an asset with high volatility to hedge against short-term market movement?
If you mean the former, then yes, gold is a good hedge. But if you mean the latter, then I would argue Bitcoin beats gold 100x.