Doesn't even have to be something destructive like Iraq or Puerto Rico, Argentina comes to mind: serious economic collapse, maybe not Venezula-style, but enough that it disrupted things heavily.

I agree with the parent -- it's just insurance, and is a cost-benefit trade-off that needs to be evaluated in a similar fashion as flood insurance or the like.

There are a lot of what I'd call "psychological" or perception-based factors for doing things like hoarding guns and food, and it's easy to go overboard, but they're not fundamentally poor choices.