Been a lot of talk lately about bitcoin and gold.
Who will be the long term winner in this new game of old wealth meets new.
I ask a question recently online that went like this “what value bitcoin when the electric is turned off?”
Someone answered with something along the lines of when it comes back on the ledgers will kick back in……
My response was that it will be ok for say an hour as most will not notice, but make that a day or even worse a week.
Remember if the electric goes off it is not only crypto (ALL) that are effected.
Modern paperless fiat currencies also go off line.
No converting fiat for crypto online.
No shopping for the basics of life.
Nothing in commerce going back and forth to keep the economy breathing.
Society would collapse within 3 to 4 days tops.
But hidden away in many draws and safes is a store of wealth that requires no power to be of value or central bank to promise the bearer.
Gold and silver (physical) will be your friend in that time of need and globally accepted with its value based on barter and needs.
My parting advise is by all means play with the fake digital money, fiat or crypto, but every now and again turn that fake money into real value by buying gold and silver coins and or bars to whatever your digital wallet will allow.
I would also by some shares in the Electric Making (not reseller) companies as they will hold all the power, literally and metaphorically, in the future.
Just a bit of advise. Take it of leave it……
