RE: Gold Bugs Really Need To Wake Up
Thanks for commenting @buster544. Silver in my opinion is the bargain of a generation! I hold it, I am not selling it, but here I'm merely attempting to open the discussion that silver isn't the only solution of money looking forward. To dismiss bitcoin and the value it offers as a utility to transfer value, yet believe in PMs only may be a grave mistake. Believing that crypto (preferably bitcoin) has no value and that only precious metals is the answer going forward is to assume that we are heading back to an age without electricity or computers and an apocalyptic world. I do not believe that this will be the case even if it is possible.
We live in an age now where we work for paper, buy things with paper and pay taxes in paper, even when this token of paper is via electronic debit or credit. In reality, it is our modern society that gives paper money its value. If the power goes out, even paper is practically worthless compared to metals but today we don't use PMs in daily transactions and most wouldn't recognize its value.
IMHO, it's best to have have all three. Bullion, Bitcoin and Cash, in that order.
Cheers
You have valid points, and anyone would be crazy not to have all 3 of if possible. I know lots of people struggling out there, looking for the lotto ticket get rich scheme. It's also unfortunate in reality 1000's a day lose their homes to forclosures. With that said, it's why I suggest primarily silver, which is only 20 bucks with premiums per coin ( silver eagles). Of coarse food to last you, but maybe the dollar does collapse, people in the street will still use some form of "cash" . They can't get crypto in the streets. People begging for help and food ( lots of scammers out there now ) you can't give them cyber money, it's just an awesome mechanism and a great way to have decentralized money, but something will still be needed to trade on the street. Ahhhhh so many thoughts to ponder and just where is it headed????
Malls and stores closing more people buy online, less workers equals less buyers equals more places closing and the cycle begins again...
In closing I do agree with your analogy, just so much going on yet nobody sees it.
Appreciate the reply