Ask anyone in the world in cities where they are suffering, is your access to bullets helping you? They'll all say "No!" It's a long story and sidetracking, so won't go into details here.
I think thats accurate Mick,but in a societal meltdown situation with everyone in survival mode I think one would be glad of a firearm. And then of course,if the S has really hit the F,it would aid with hunting too. Bullets,batteries and bandaids is sort of a buzz phrase in the prepping community.
I like objective debate, so: - Gold is an excellent conductor that can be used in electronics - Of course is a store of value. I assure you, in case of war, gold will be accepted as always - Gold is not a bubble for many many years ago. Any comparative chart will show you that. Besides: - If you lose your password, or been hacked, scammed..etc, you're done !! - How exactly is the crypto niche superior to replace fiat money? decentralization only? I don't deny that this made-up commodity has been an incredibly speculative vehicle, that had interesting reasons at the beginning, but some have changed for good. I may be wrong, but I believe the phase of sucking fresh money into this through hype will finish eventually, and you can bet that many giant hedge funds will have sold many ETF un unsuspected "gen-z investors"
- Crypto scarcity? There are more than 20.000 crypto b.s coins out there and growing. - In exactly how is superior to Fiat money network having more than X trillions hashes per second or the size of your network, if you don't compare them? I don't deny the use of that technology for databases, special records..etc , but not as money. It can serve as another speculative vehicle, with more risks..if you lose your keywords, you're done, remember?
Something that may or may not be of interest: Whilst Bitcoin and crypto seems to be everywhere and on everyones radar,ownership rates worldwide are still only at 2.74%. It appears to me that it is still early days in terms of mainstream acceptance. Similar,perhaps,to the advent of the internet,it requires something of a paradigm shift before mass adoption.
There are, and will be, myths which abound going into eternity. Humans excel best as bullshit artists, everyone gets conned. Silver has the highest electrical conductivity of all metals and cheaper. In fact, silver defines conductivity - all other metals are compared against it. On a scale of 0 to 100, silver ranks 100, with copper at 97 and gold at 76. Due to cost, gold is not frequently used as a conductor.
Good observation, but I cannot help to think, you're right and it's in the early stage or the contrary, it has not convinced real money for many reasons. Many attractive reasons to buy it in the past have been gone and more non-attractive ones have been added.
I’m too lazy to look it up. Is that 2.74% referring to the world population? Or is it referring to the world money supply or something?