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RE: Another Billionaire Goes All In On The "Barbarous Relic" Gold While Mainstream Media Remains Silent
I think gold is the safest, investment you can do.
Gold would allways have a real value annyway, and the gold prize would rise i think.
Has ben low for a while now. So a buy would be good if you have economy to do it, and silver aswell. Physical is best way so you controll it self.
I wish I could buy coins made out of silver/gold with Steem inside of them. :D
Yess steem gold and silver coin would be cool to collect :D
Golds the way for sure even great inventions like bitcoin would be fucked if we had a major power outage or a hack on the grid, an Or EMP. When there's no power and you can't draw money out of your account because you're not able to even start a computer or have power for the ATM to work, as long as you have gold on your person or under a mattress, somewhere in the safe you could always trade it for some stuff you need to get through the time of crisis.
It depends what the crisis is.
If it's as bad as you're saying, keep in mind that you can't eat gold. If crises are what you're worried about, make sure you have the rest of your situation squared away before you start investing in useless metal.
Gold only has value to people who already have enough of everything they actually need.
That is true. For instance I have a shit load of water and no one can find it, that now become way way more valuable then gold. Where I could trade some water for gold. But I know I wouldn't trade water for any fiat curancy, because if I wanted paper I would ask my printer.
Things like seeds water fule are all good things. But they would be sold for other goods or gold and silver. So if you did find a guy willing to sell some water or food, for a currency it would most likely be some kind of precious metal .