Gold, amateur. Real men know the things that ALWAYS have value are seeds and bullets. Seeds to grow new food, bullets to 'fertilise' the fields with those stupid enough to try and take said food../s
Yea, if we're talking about survival in a collapse, ammo and food production is definitely gonna hold more value. Gold is only valuable in a stable society that wants to evolve past bartering.
Sold out because high ticket item that keeps value on resale. Great for those cashback credit cards if you plan to flip it and can immediately pay it down.
Also concerns about a store of money subject to technical interception.
If someone starts knocking over - or blocking - big crypto exchanges (either to preserve USD or force people onto the new food stamps CBDC), your fat crypto wallet isn't anything like as useful as the lockbox of gold you've got in the basement...
US bonds at 10 Y, virtually the safest assets you could invest into, have to market themselves at 5% interest. and there are even special provisions that if you don't sell them may cumulate. (but I have to look well into this last part).
anyway yes, the jig is almost up. or being deliberately made to crash.
The fact I can't get paid in a currency other than the government's fiat currency is how the scam is perpetuated. Then most business owners only accept fiat currency. Given that, I'm pretty much forced to use it whether I want to or not.
Reported for antisemitism
Gold, amateur. Real men know the things that ALWAYS have value are seeds and bullets. Seeds to grow new food, bullets to 'fertilise' the fields with those stupid enough to try and take said food../s
Gold doesn't rot or get moldy like seeds.
But gold is a secondary means of survival, it relies on others having value in it to trade for it.
Seeds and bullets are primary sources of survival, you don't need to be reliant on others to gain use from them.
Yea, if we're talking about survival in a collapse, ammo and food production is definitely gonna hold more value. Gold is only valuable in a stable society that wants to evolve past bartering.
I'd say this is only true for extreme cases of total collapse.
Even third world shitholes who are the furthest from stable value gold.
I think the bigger news is that Costco is selling gold bars. I need to buy me some of that.
Unfortunately, Costco is sold out of gold bars.
Which may tell you even more than the fact they were selling them in the first place...
Sold out because high ticket item that keeps value on resale. Great for those cashback credit cards if you plan to flip it and can immediately pay it down.
I don't think there are a lot of fiat defenders here; it's more that crypto is a new fad so there's more discussion of it.
Also concerns about a store of money subject to technical interception.
If someone starts knocking over - or blocking - big crypto exchanges (either to preserve USD or force people onto the new
food stampsCBDC), your fat crypto wallet isn't anything like as useful as the lockbox of gold you've got in the basement...My opposition to crypto was always predicated on a lack of faith in SHA-256.
With regards to fiat currency, I'd remind you: "The market can remain irrational longer than you can remain solvent."
I learned about fiat currency from the Ron Paul campaigns and that made me read up on the Fed
Insurance. Like, all of it.
https://www.schwabassetmanagement.com/products/snoxx
So, bonds?
US bonds at 10 Y, virtually the safest assets you could invest into, have to market themselves at 5% interest. and there are even special provisions that if you don't sell them may cumulate. (but I have to look well into this last part).
anyway yes, the jig is almost up. or being deliberately made to crash.
"Now follow me within the next 24 hours to join my BTC giveaway." - @elonmusk1137
The fact I can't get paid in a currency other than the government's fiat currency is how the scam is perpetuated. Then most business owners only accept fiat currency. Given that, I'm pretty much forced to use it whether I want to or not.