Gold is basically infinite. It's not a store of wealth because of its rarity, it's a store of wealth because it's metal (doesn't decay), and fungible.
The price of gold is based on market forces and nothing else. When gold is expensive, they dig up more of it and it becomes less expensive. When it's cheap, they don't dig it up, limiting it's supply. It's all manipulated.
If we "lose electricity", gold is not going to save you. It's not a currency either. It's a store of wealth and requires basic civilization to hold value. This is why the natives didn't place much value on it. They much rather would have beads, whiskey, ammo, and textiles. The same will be true in any collapse. I'll be richer than you with ammo, salt, and bic lighters than you will with your "gold".
If electricity and internet stop working you're fucked and nobody is going to want a heavy piece of metal to carry around. They're going to want food, ammo, and other useful things.
1 year ago-1 points(+0/-0/-1Score on mirror)2 children
It's both funny and sad. To think crypto is some magical incorruptible or uncontrollable currency... just wow. Truly a brainlet take to not recognize the carrot and stick play going on.
Walls stood before the technologies to overtake them were developed. Tomorrow brings something beyond the comprehension of today, and it includes a way to nefariously turn crypto against people.
NatSoc is the only option. Strong White currency for strong White people controlled by a strong White government.
Gold is basically infinite. It's not a store of wealth because of its rarity, it's a store of wealth because it's metal (doesn't decay), and fungible.
The price of gold is based on market forces and nothing else. When gold is expensive, they dig up more of it and it becomes less expensive. When it's cheap, they don't dig it up, limiting it's supply. It's all manipulated.
If we "lose electricity", gold is not going to save you. It's not a currency either. It's a store of wealth and requires basic civilization to hold value. This is why the natives didn't place much value on it. They much rather would have beads, whiskey, ammo, and textiles. The same will be true in any collapse. I'll be richer than you with ammo, salt, and bic lighters than you will with your "gold".
If electricity and internet stop working you're fucked and nobody is going to want a heavy piece of metal to carry around. They're going to want food, ammo, and other useful things.
Walls stood before the technologies to overtake them were developed. Tomorrow brings something beyond the comprehension of today, and it includes a way to nefariously turn crypto against people.
NatSoc is the only option. Strong White currency for strong White people controlled by a strong White government.