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by kolev
4572 days ago
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If US economy tanks, all world economies will tanks, too. Then people will stick to precious metals - something that can be used off the grid, something lo-tech. I am on your side that we have to revolt against ever tightening grip of the US government and Wall Street, but when it comes to finances, too much optimism is not practical, i.e. don't put all eggs in one basket. I'm not saying buy gold as gold is manipulated as well, but there are other currencies as well - CNY (very popular in Forex recently, steadily growing against USD), EUR (hmmm), CHF (growing against USD steadily), etc. It's bad that gasoline takes too much storage space otherwise it's definitely better than gold. Maybe basic drugs are a better choice, too. I think The Walking Dead is a good guide for what's a universal value storage with or without an apocalypse! :) |
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I think in a few different ways it's possible this wouldn't be the case. Specifically in the event of an all out attack on the US, where the dollar might become useless while bitcoin could fair well. Regardless, I couldn't agree more about gas, drugs and other better doomsday investments, but I think bitcoin serves me in the short-term for more scenarios. I do however have a doomsday trade prepared, moonshine makin'! :D