In a noteworthy trend, millionaires and elites are reportedly amassing gold as part of their doomsday preparations, intending to use it for potential bartering in times of crisis, according to insights from Jonathan Rose, the CEO of Genesis Gold Group in Beverly Hills, California.
The surge in gold sales, attributed to factors ranging from cell service outages to concerns about the upcoming election, has created an “absolute surge” in interest, as highlighted by Rose. He shared that dealing with people buying precious metals for doomsday-prepping purposes has become a daily occurrence for him.
This doomsday prepping trend is not exclusive to the general public; it has gained traction among prominent figures, including millionaires like Mark Zuckerberg and Sam Altman, as well as pro athletes and other elites. Rose claimed to have inside knowledge of these individuals dedicating significant portions of their fortunes to acquiring gold for prepping purposes.
The surge in gold purchases is attributed to growing apprehensions about the devaluation of the dollar and concerns surrounding a potential overall economic collapse. Rose suggested that individuals, including millionaires, are increasingly recognizing the economic challenges and are proactively seeking a safe haven.
Doomsday prepping, coupled with hoarding gold, has been on the minds of the elite for years. Notable figures like tech boss Sam Altman have openly discussed their preparedness strategies, including the accumulation of gold alongside essential survival items.
Recent events, including the 2024 presidential election and a recent AT&T power outage, have intensified doomsday concerns. Rose, referencing a claim by an intelligence officer, suggested that the power outage may have been a cyber attack, contributing to heightened anxiety.
In the context of doomsday scenarios, Rose explained how gold could be a valuable asset for bartering if conventional currency becomes worthless. There has been an “absolute surge” in people buying small denomination gold coins for this purpose, with gold bars likened to “candy bars” that can be broken for distribution.
In a doomsday situation, where essentials take precedence, gold could serve as a valuable trade commodity, particularly for specific items or tasks. Rose emphasized that gold, in such scenarios, may be more valuable than a piece of paper with an IOU attached, making it a sought-after asset for those seeking preparation and security.
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