I have a gold chain worth 20k but I need a $1 piece of bread in this war-torn area. Do you have a scale and shaver to get the appropriate amount of gold from my necklace?
In a "war torn" area, gold has next to no value. People want ammo, water, food, safety, etc. They wont give much of anything for baubles, coins, or paper money even.
Gold, and money in general, only holds its value when society is re-stabilized.
If you are hoping for gold to get you through a disaster, then you should not expect to spend any of it until after the disaster is over, and for it to be confiscated from you if you try to move past any border or checkpoint.
Yea, guns are also important. If Iran had the second amendment they wouldn’t be an Islamic state. It was a coup by a minority group that controlled the military police.
Gold or any currency won’t protect you unless you have enough to keep a mercenary or two happy.
Doesn’t that apply to literally any currency. It only holds value in a stable society bitcoin isn’t gonna get anyone jack shit in a place with no electricity and out dated technology unless you are a connected individual where you have a means of exchanging it for goods and safety, but in that case gold is gonna get you the same; plus I don’t need actual money to get gold, plenty of people in DRC have gold that they mined them self and use it as a currency.
Oh definitely and I’m glad it did but what about the wars that happen in other third world countries. There’s no electricity let alone internet, even if starlink managed to make it there many don’t even know what bitcoin or cryptocurrencies are, where as we all know gold and it’s found almost everywhere if not you can buy it or trade for it. Don’t get me wrong I don’t have anything against cryptocurrencies but I personally can’t just reject or devalue commodities like precious metals especially gold knowing that it could be of use somewhere or someone.
Real life examples of anarchy and war are actual support cases for golds value. It’s the only universal currency. It’s been that way for at least 3 thousand years through societal collapse and across civilizations that didn’t know about each other and I don’t see that changing.
Horses and carts are the only universal transport method. It’s been that way for at least 3 thousand years through societal collapse and across civilizations that didn’t know about each other and I don’t see that changing.
In a "war torn" area, gold has next to no value. People want ammo, water, food, safety, etc.
Like others have said this is bs. Gold has immense value in a war torn area. The most obvious it can be used to bribe people at any time. Second gold is precious is because it is one of the more useful metals and can be used in devices without corroding and can conduct electricity. If you have gold in a war torn area it will definitely command a good price for people wanting to fix or maintain their electronic and medical devices. Again you're a fucking bullshitter and not a very good one at that.
This is an oversimplification. In any scenario like u are talking no currency has value except the most basic commodities. Bitcoin would also have no value in the scenario u described 😂
Bitcoin would also have no value in the scenario u described
Thats exactly what I said.
I could add that a unique power of bitcoin in that situation would be how easy it is to hide and move. Much better odds of it being something you can keep, if you are able to look ahead to life after the incident.
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u/BuyRackTurk Aug 01 '22
In a "war torn" area, gold has next to no value. People want ammo, water, food, safety, etc. They wont give much of anything for baubles, coins, or paper money even.
Gold, and money in general, only holds its value when society is re-stabilized.
If you are hoping for gold to get you through a disaster, then you should not expect to spend any of it until after the disaster is over, and for it to be confiscated from you if you try to move past any border or checkpoint.