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RE: Everybody Should Abandon the US Dollar, says Peter Schiff … (Death of the Dollar–1) with Link to Full Story
Have to consider that there will be a run on gold when digital asset trading becomes a public certainty. While we won't need it, gold should become a status or ranking system of "old" money.
That's true. Over the past few years, or even few decades, many astute observers have predicted that there will be a run on gold.
Most likely, that will also cause a run on cryptocurrencies. As people abandon fiat currency, both precious metals and cryptos will be the safe havens.
Will be interesting to see how the first couple-of-year runs view cryptos. I doubt it will be as the programmable money and digital asset representation that devs intend. Also, I still have yet to find a satisfactory gold run explanation. I believe it will happen, but yet to envision how with any detail. Maybe because the most wealthy already own the significant portion.
As fiat currencies collapse, it's pretty much inevitable that precious metals will rise to take their place. And cryptos will tag along, or maybe even move ahead alongside gold and silver.
I was thinking along these4 lines in viewing the latest Star Wars and its money.