Bitcoin Was Useless In This Disaster Scenario - Cash & Gold King In Hurricane Maria
Dear Steemians,
This a very interesting insight by precious metals expert Mike Maloney who experienced hurricane Maria. In this video he interview someone who explain about the bartering processes after the devastation. Mike explains the importance of owning gold and silver in the midst of calamity and why digital currencies and even creditcards unfortunately where proven to be useless after hurricane Maria.
This is an advocacy for remembering the importance of owning gold and silver as an investment and maintaining purchasing power and spend a relative small percentage in cryptos. Mike Maloney is not against cryptos as you hear him say himself, he is stressing the balance between cryptos and precious metals. Taking his advice from the past years including in this video into consideration, our portfofio should consist for at least 80% of precious metals!
What do you think?
Very informative video. I never imagined there would be a situation where crypto would be useless. Valuables like gold and silver are really life savers in crisis situations like hurricane maria. But we also have to take into consideration the fact that we have to also keep those valuables like gold and silver in a safe, probably in a physical safe, and i feel thats what makes people prefer keeping their cash in crypto rather than in gold and silver. But your point is well taken by me, and ill diversify my funds into gold and cash too, and not just crypto.
Yes, remember the minimum ratio of at least 80% precious metals in your investment (hedge) portfolio!
Yah thats true
Congratulations @food-for-thought! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard: