2021 May 25, 6:08pm
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The problem comes down to trust though. How do you know for a fact that your gold coin is really where you are told it is? There's a huge motive to cheat and just send you old photos of gold coins.
How do you know for a fact that your gold coin is really where you are told it is?
This is how the Gold Standard actually worked. You gave the actual gold coins, Banks gave you notes for it - and 10x those coins in notes for everybody else, too.
Swiss stonks are for me. FLSW, Franklin Templeton Swiss stock ETF.
Custodians will be incentivized to participate by getting transaction and storage fees.
I'm certain the dollar and other fiats fall off a cliff and I'm well prepared either way.
I hold Bitcoin as an insurance policy on top of it. The market has clearly opted to Bitcoin as a store of value over the past 5 years, volatility aside.
IT's like an asset or baseball cards.
The question no one can answer. Dollar goes to shit. Who is going to buy your BTC or Ethereum? I'm not. No one I know will. No one wants it outside of speculation, which is fine. You can make money off it while things are normal. There's a reason 2A is so important. It was never about protection of property or militias. It was about control. A $800 handgun WILL appreciate over time. Provides protection. And you can shoot your way to feeding yourself. The left wants control. Why do you think every cycle gun control is brought up? And even if the guns don't appreciate, you can shoot things to stay alive. Bitcoin, gold, silver, etc., none of that will do shit for you at the end of the day.
The market has clearly opted to Bitcoin as a store of value over the past 5 years, volatility aside.
Currency collapses don't devolve into mad max. It just wipes people's debts and savings and is a reset button to the economy. But third world countries will see their currencies collapse first, so they'll be the beta.
ble, the nastier the collapse. How big is the US debt bubble? Unprecedented, and this is directly from the mouths of central bankers themselves. So no need for beta's, just look around, or study history.
These things are a small piece of my insurance policy, at best, it might become 5%.
The physical can be stored, audited, insured, and accessed with a proper digitally signed token. Tokens can be exchanged across borders instantly. There would be a transaction fee, and potentially a storage fee. The crypto currency could provide verification that the storage facility is insured.
If you don't hold it you don't own it.
What will digital currency be worth
I'm buying silver, only because I'm too poor to own gold
I'd probably get the silver eagles
I have much more than bitcoin/ethereum. I own land, actively farm it. To put it in perspective, I have 30 fruit trees and 10 large raised bed gardens. I'm locked in at 2.5% on 250k remaining debt. I have solar on my home. I own gold. I own silver. I own dividend paying stocks. I own broad market ETFs. And I own foreign stock ETFs in modernized Asian countries like Taiwan, Singapore, and Japan. These things are a small piece of my insurance policy, at best, it might become 5%.
I'd probably get the silver eagles. Bars are hard to spend during cannibal anarchy but doable.
DO NOT buy Eagles right now. Premium is too high. Better to buy silver rounds. At the top, or in a crises, no one gives a shit about what coins you have, just how much silver is in them.
WOW! $42 a piece when you buy 500!
Enough silver to eat for a few days but not enough to get by on.
I plan on adding a few bucks to FLSW as soon as my shitty WFC gets a little bit higher.