Skip to 3:30 timestamp if you are in a hurry.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (38)
sorted by:
There's plenty of things if you went back in time and bought have performed better but none have all the uses of Silver. 104 uses and counting.....since there's alot of "If's" in the statement above.....what if the internet goes down for a prolonged period of time what do you have if you bought BTC? BTC could be zero because you don't hold it.....Silver and other hard assets you can hold. There's a saying if you don't hold it you don't own it.
There are thousands of nodes all over the world so if the internet goes down in one area BTC is safe because of its decentralized nature. This is the point of miners. If you're talking about SHTF and there's a collapse of civilized society then silver will only help you based on what people are willing to barter for it. Perhaps that's reason enough to hold onto some silver, but for getting rich silver isn't what you should bank your portfolio on.
I'm simply banking on what DJT said.....you brought up the IFs. I will also rely on hard assets instead of paper or digital holdings....just my opinion and some other notable folks will back this up. Good luck to you and yours ....I don't tell people how to spend their money but I do like passing around sound knowledge. Famous economist Peter Schiff said in a recent interview BTC will go to zero when the supply of fools run out lol....he was not talking about you...you are at least on this board for a reason.
https://www.youtube.com/watch?v=2niV3-3X0-A
He was right about the crash in '08 and that was it. BTC's market cap is bigger than Visa and Mastercard's combined, it's never going to go to $0.
Silver and Gold have been around and used as money for 5 or 6000 years and you'll never see anyone throw Gold or Silver away on purpose....if you dig up some old coins a few hundred years old you are probably sitting on a fortune. Anyone that has made money on bitcoin or other digital currencies congratulations....I say congratulations but be cautious as they have not passed the 5000 year test or 20 years for that matter. Digital holdings can be erased with a click of a button or forgetting a password and the government can take control of it with a click of a button.....but Silver and Gold you can hide it very easily just don't take a phone with you when you go dig the hole.