Not saying precious metals are a bad idea, but who decides what they're worth in a scenario where higher society has broken down? Would barter be better, or a product for labor? Where do you keep it? How do you carry it? Would a local credit union be a good idea to hold large amounts of gold? It obviously would need to be protected 24/7 by armed men. How would they be compensated for their time?
No, I pay premiums above spot for gold and silver. It's worth it especially after seeing what happened in Canada and now Russia. Also pull your digital money into at least some paper. It's too easy for them to control you through their systems. Reject them. God made silver and gold, satan made debt based fiat currency. Crypto is no different. Remove all middle men.
Bitcoin is not fiat-based currency fren, you can still truly own BTC (Bitcoin) by moving it off the exchanges to wallet of which you and you yourself hold the private key.
If you covert bitcoin into a wallet they can't get it, but they can if you leave it in an exchange. My bitcoin is untouchable and I get use it anywhere in the world.and give it to anyone.
I would think the same of your gold, if you leave it with your broker or exchange it is vulnerable as any asset with your name on it.
Yes!!!! Precious metals backed currency is the only way to go. If you can't physically mine it, or physically buy it and hold it in your hands, you own absolutely nothing.
I agree and it's going to be either that or some other physical thing, not imaginary "crypto" . That crypto crap can be used to help facilitate some convenience, but I think many would want to have a hard asset when dealing with real transactions (like buying a house or something really important).
crypto is no more imaginary than the trust instilled by people on the value of Gold.
There is BTC (Bitcoin), and there is all other Crypto -- Bitcoin is the only decentralized crypto out there, at scale of adoption, a secure network and thousands of independent nodes keeping the network alive.
Gold and Bitcoin can go hand in hand, it's a store of wealth/value.
It's way harder to transact with Gold in comparison to Gold -- (e.g. try buying your house with Gold bars).
Apples to apples fren -- good luck to you too if SHTF, your Gold/Silver is useless other than metals to make stuff. Food, ammo, necessities will be worth more than your gold coins/rocks.
Don't close your mind to crypto due to ignorance, do some research on it and fully understand the world of crypto -- not all crypto is the same.
I'd start with Bitcoin (BTC), REALLY deep dive into it, don't listen to the hypersters out there, but fully understand the fundamentals... THEN make the argument if it's useless or not.
Canadians are now seeing the value of Bitcoin.
But hey, it's up to you... you can continue to dismiss something out of emotion, or have sound thoughts about it.
I researched it. It's annoying enough to have to interface on the Internet via whatever computer device. I'd prefer to get off the cyber fake shit altogether and go back to hauling around coins.
I have food and will have it moving forward. Unless you have a great plot of land growing your food, same situation applies - good luck getting food from bitcoins that don't exist unless you can somehow access the network, and even then I guess the person you're trading with would need that same access.
It'll come down to bartering with whatever goods and services at that point, which rarer metals would STILL win hands down in those situations.
When SHTF, we're back to a barter society of goods and services. Previous metals and/or Bitcoin will cease to be the currency hedge, it'll just be stuff. Sure you could always trade your precious metals for stuff, but it's between you and whoever you're trading with.
We are IN a cyber connected world man, you are ON this board, ... surely you see the irony in your view of moving off 'cyber-fake shit'. Learning the basics of the internet is fundamental in this day and age.
It comes down to your goals, IF you want to spend your fiat dollars on precious Metals to hedge against the US Dollar, then sure, go ahead. It is no different than buying Bitcoin (which has outperformed Gold and Silver by a large margin).
But if you wish to spend your dollars on ensuring self-sustenance... then don't buy Gold/Silver/Bitcoin, buy the things you need to live off the land, meds, etc etc.
There are quite a few, a pede posted a link below.
But, the issue will always remain, how do you assay or verify the holdings? This is no different than having a bunch of gold stored in a centralized location with paper saying 'yeap, we have this amount of Gold in store'.
The dollar is an IOU. At the drop of a tyrants hat it can be worth nothing.
Gold and Silver can't be transported easily and can be easily confiscated and
the prices have been manipulated for years.
Seems like a Crypto currency like bitcoin can be kept on a device to keep others from stealing and they can't really control the price. Am I wrong?
I am still contemplating getting crypto currency.
While I have nothing to add to this crypto related, I do think Russia will be just fine through this. They have seen some seriously hard times and still kicking.
Why not buy/invest in both Gold/Silver AND Bitcoin? ... just get some BTC, and store it on your own wallet (ala Cold storage).
What has the Central Bank recent screeching taught us? They are afraid of Bitcoin, and Bitcoin specifically. The rest are easily controlled (ETH, onwards).
How bout a secure, gold backed crypto? Hmmm
I prefer gold and silver in hand without a middle man who could arbitrarily freeze my accounts for wrong-think. Take the precious metals pill.
Not saying precious metals are a bad idea, but who decides what they're worth in a scenario where higher society has broken down? Would barter be better, or a product for labor? Where do you keep it? How do you carry it? Would a local credit union be a good idea to hold large amounts of gold? It obviously would need to be protected 24/7 by armed men. How would they be compensated for their time?
Search Venezuela and see what small amount of silver will get you in a year.
Those questions have been answered repeatedly over the last 5,000 years.
Do you physically take possession of the gold at market rates?
No, I pay premiums above spot for gold and silver. It's worth it especially after seeing what happened in Canada and now Russia. Also pull your digital money into at least some paper. It's too easy for them to control you through their systems. Reject them. God made silver and gold, satan made debt based fiat currency. Crypto is no different. Remove all middle men.
Bitcoin is not fiat-based currency fren, you can still truly own BTC (Bitcoin) by moving it off the exchanges to wallet of which you and you yourself hold the private key.
There is Bitcoin, and everything else in Crypto.
If you covert bitcoin into a wallet they can't get it, but they can if you leave it in an exchange. My bitcoin is untouchable and I get use it anywhere in the world.and give it to anyone.
I would think the same of your gold, if you leave it with your broker or exchange it is vulnerable as any asset with your name on it.
Yes!!!! Precious metals backed currency is the only way to go. If you can't physically mine it, or physically buy it and hold it in your hands, you own absolutely nothing.
I agree and it's going to be either that or some other physical thing, not imaginary "crypto" . That crypto crap can be used to help facilitate some convenience, but I think many would want to have a hard asset when dealing with real transactions (like buying a house or something really important).
crypto is no more imaginary than the trust instilled by people on the value of Gold.
There is BTC (Bitcoin), and there is all other Crypto -- Bitcoin is the only decentralized crypto out there, at scale of adoption, a secure network and thousands of independent nodes keeping the network alive.
Gold and Bitcoin can go hand in hand, it's a store of wealth/value.
It's way harder to transact with Gold in comparison to Gold -- (e.g. try buying your house with Gold bars).
Gold exists and has uses. Crypto does not and is only as useful as you described.
Fuck crypto, biggest racket to ever exist. Good luck using it if shit does hit the fan and nobody has access to power, let alone Internet access.
Apples to apples fren -- good luck to you too if SHTF, your Gold/Silver is useless other than metals to make stuff. Food, ammo, necessities will be worth more than your gold coins/rocks.
Don't close your mind to crypto due to ignorance, do some research on it and fully understand the world of crypto -- not all crypto is the same.
I'd start with Bitcoin (BTC), REALLY deep dive into it, don't listen to the hypersters out there, but fully understand the fundamentals... THEN make the argument if it's useless or not.
Canadians are now seeing the value of Bitcoin.
But hey, it's up to you... you can continue to dismiss something out of emotion, or have sound thoughts about it.
I researched it. It's annoying enough to have to interface on the Internet via whatever computer device. I'd prefer to get off the cyber fake shit altogether and go back to hauling around coins.
I have food and will have it moving forward. Unless you have a great plot of land growing your food, same situation applies - good luck getting food from bitcoins that don't exist unless you can somehow access the network, and even then I guess the person you're trading with would need that same access.
It'll come down to bartering with whatever goods and services at that point, which rarer metals would STILL win hands down in those situations.
When SHTF, we're back to a barter society of goods and services. Previous metals and/or Bitcoin will cease to be the currency hedge, it'll just be stuff. Sure you could always trade your precious metals for stuff, but it's between you and whoever you're trading with.
We are IN a cyber connected world man, you are ON this board, ... surely you see the irony in your view of moving off 'cyber-fake shit'. Learning the basics of the internet is fundamental in this day and age.
It comes down to your goals, IF you want to spend your fiat dollars on precious Metals to hedge against the US Dollar, then sure, go ahead. It is no different than buying Bitcoin (which has outperformed Gold and Silver by a large margin).
But if you wish to spend your dollars on ensuring self-sustenance... then don't buy Gold/Silver/Bitcoin, buy the things you need to live off the land, meds, etc etc.
There are quite a few, a pede posted a link below.
But, the issue will always remain, how do you assay or verify the holdings? This is no different than having a bunch of gold stored in a centralized location with paper saying 'yeap, we have this amount of Gold in store'.
The dollar is an IOU. At the drop of a tyrants hat it can be worth nothing. Gold and Silver can't be transported easily and can be easily confiscated and the prices have been manipulated for years.
Seems like a Crypto currency like bitcoin can be kept on a device to keep others from stealing and they can't really control the price. Am I wrong? I am still contemplating getting crypto currency.
While I have nothing to add to this crypto related, I do think Russia will be just fine through this. They have seen some seriously hard times and still kicking.
I agree gold and silver too is my preference. What I would NOTwant to see come back are the panhandlers and the thieves who will rob you at gunpoint.
Why not buy/invest in both Gold/Silver AND Bitcoin? ... just get some BTC, and store it on your own wallet (ala Cold storage).
What has the Central Bank recent screeching taught us? They are afraid of Bitcoin, and Bitcoin specifically. The rest are easily controlled (ETH, onwards).