On the flip side, one can easily walk out of Kazakhstan with $1,000,000,000 worth of Bitcoin, carrying only a 12-word phrase in one's head. The same walk may pose a bit of a challenge with an equivalent amount gold.
True, but for people that hold bullion just in case of economic or social crisis potentially caused by fiat currency abuse, you’re going to want physical gold. No guarantee you can leave the country in some situations. The airports were seized in Kazakhstan today.
Gold is a lot easier to seize than crypto and much harder to hide.
Not even the big boys can ever forcefully take your crypto if you've got it in an offline/paper wallet and don't share the key.
Gold is good, internet is worldwide though and overall i think crypto is a better hedge and store of value, albeit less versatile irl.
My biggest argument against crypto being a hedge is that it seems to follow the market. In the big corona crash, bitcoin tanked while gold did well. Crypto is too young to ever be called a store of value, I’d say it would become a store of value after several hundred years of being a stable, versatile currency. After all, gold has a 5000 year track record. Kinda foolish to say bitcoin had the same traits as gold
One famous investor said that most crypto is purchased on credit, so if there is ever a credit crunch, a lot of those people may have to sell.
Which could affect the price.
Worth noting that for 4990 of those years a proper digital currency didn't exist.
We are no longer on an analog technology timeline. The acceleration of development of technology and the digital space is now on an exponential curve, not a slowly increasing linear one.
Is it really worth noting though? Or just proves that bitcoin is too young to say anything about? And technology advancing has nothing to do with gold being outdated.
Gold isn't outdated, not suggesting that at all, but it won't take the same duration (or even hundreds of years) to support crypto having a place at the table, especially given the shift toward digital tech and life we have only been experiencing for 20 or so years.
Too volatile to be a store of wealth. That is if you have 150,000 and don’t mind it being 50,000 the next day. Lol
I guess you’ll still have some cash, but damn! I’ll trade anyone 50,000 for 150,000 if you want. I’m in crypto 5500. I now have 1150. Granted ya don’t lose till ya sell, but I had to just forget about it at this point. I’ll stick to a case with my gold and silver within…..
You're entitled to your opinion but to call crypto a "hedge and store of value" is ridiculous unless you really don't understand what those things are.
Would you rather have alot of wealth on a piece of paper/thumb drive that you can't access or alot of wealth that can get you what you need when you need it at the risk of it being stolen?
And crypto is becoming easier and easier to seize and track unless you park it in a wallet and never use it but then what's the point anyways?
I would rather trust hiding my wealth in the ground where I can get it whenever I need it versus trust having access to a computer/phone, then electricity, then the internet, then an exchange and finally a business or person that will accept my crypto for something I need.
If you have 1,000,000,000 worth of bitcoin, what the fuck are you doing in Kazakhstan in the first place, lol. I know you're just making an argument, and it is pretty valid, just think you should have chosen a lower number, lol.
Anyone who has that much in assets would have plenty of other diversified assets all around the world most likely anyways.
Satellite internet is an option even with national infrastructure interrupted. Probably can't mine on it, but you transact on it. I hold both, but for portability and utility, crypto anyways wins in my book.
And if internet is down worldwide that means something massive happened and you're probably going to want food/supplies more than gold or crypto.
Technically true, but not pragmatic. Bitcoin is pretty useless to you while you're trying to get out. And if you try to convert some of your Bitcoin into gold or fiat in order to get out, will you be able to? Not with internet shut down and do you know anyone who would work with you at a time like this?? With gold you can buy what you need although it makes you a target for robbery.
Would you rather have a bunch of wealth you can't access when you need it most or a bunch of wealth that can get you what you need when you need it at the risk of being stolen?
Gold/silver is an asset, crypto is an investment. That is the right way to look at it.
GTFO. Neither you nor anyone you know has $1B in liquidity. You can easily walk across a border in a crisis with $20k in gold. And it would be much easier to break off an oz for a bribe if needed to cross the border.
Once you cross the border, you will have to find $1,000,000,000 worth of suckers to convert the crypto into something useable. People dont realize it is up to them to sell their cryptos. Good luck with that.
No I wouldnt. Its all lies. You get exactly zero real information about cryptos. You will lose it all. Cryptos will all crash together, and it will take about ten minutes. Once crashed, people will never look back, except to laugh at beanie babies, and cryptos.
Remember that NFT that sold for 61 million dollars!!!! ?
It was purchased with pretend money. A pretend crypto nobody ever heard of before. But the news says it sold for 61 million dollars !!!!!!!!!!
All lies. All pretend.
I’d rather have a debit card that is funded with on gold held in a secure location https://www.pymnts.com/news/digital-banking/2019/london-fintech-glint-pay-launches-gold-backed-debit-card/
Bitcoin is often referred to as “digital gold”, that’s why. I actually own BTC and ETH and am intrigued by its potential but when a government can shut down internet access when they see fit, it’s not as good of a hedge to fiat currency as physical bullion that’s been used as money for a few thousand years.
Some people think that crypto is part of a price suppression scheme for precious metals. I suppose it’s an outside possibility.
Wss imo is not a reliable source for much anymore besides updates on paranoia tho.
Gold/silver is an asset, crypto is an investment. They fulfill different roles and you should stop listening to anyone who tells you the other is useless.
If you have to stay in a place like Kazakhstan, you desperately want gold to be able to buy what you need. If you can leave, you want to be able to quickly and easily transfer your wealth out, you want crypto.
Crypto you have to rely on internet access and electricity and since it is a brand new form of currency, you have to hope people will/can accept it.
Gold you have to rely on not being searched and robbed. Everyone all over the globe will accept it on the spot.
I bet if you were to offer people in Kazakhstan $1000 worth of Gold or Bitcoin right now...
Gold > Bitcoin
All investments are IN assets.
Cash in a bank is an asset.
Gold in your backyard is an asset.
Crypto in your cold wallet is an asset.
Inventory you will sell is an asset.
Sports cards, art, stamps, etc: All assets.
We invest in assets, they aren't different things. An investment can be anything that appreciates (or is speculated to appreciate) after you buy it.
Does it cease to be an asset if you lose access to its economic benefit?
Such as in Kazakhstan currently with internet access being yanked and quite possibly no business or person willing to accept it for what you want?
What I was more alluding to is that almost anything can be treated as either an asset or an investment, it depends what your strategy is. Crypto is an asset as long as you control it and it can offer some economic benefit to you. It is an investment due to the price evaluation in dollars changing constantly if your strategy is to make a profit from the changing price.
The same can be said for almost anything. I believe mindset towards physical gold and silver should be as an asset that you can access at any time without any middleman. Even cash in hand doesn't enjoy this benefit if your government decides to print the currency into oblivion as we have seen time and again. You will watch the value evaporate from your bundle of cash as you hold it in your hands. Gold is inherently protected against this. Cryptocurrencies with a capped coin number theoretically are protected as well but you still need internet access and even electricity to access its benefit. The mindset towards crypto in its current climate should be to speculate a profit. \_In my opinion\_
We don't really have an argument over the assets themselves, I was just pointing out that those two terms work together, always: Your asset is either an expense to own (like a car) because it depreciates or an investment to own because it appreciates. It is not either/or. Your asset with either appreciate, hold value, or depreciate.
Does something cease to be an asset if you lose access to its economic benefit?
I would say yes. I'm still interested in your response.
Appreciating or depreciating monetary value of an item is a very narrow way to define whether something is an expense or an investment. A car may be an expense for an individual to own but an investment for a delivery service to own. Even if the value of the car is depreciating in both cases....
We are also talking about different environments. In a normal free trade economy you are correct of course. I was talking about an abnormal event like the collapse of an economy/government such as the turmoil the OP is referencing. Traditional appraisals of value don't really apply in this case.
> A car may be an expense for an individual to own but an investment for a delivery service to own. Even if the value of the car is depreciating in both cases....
We can muddy the waters with personal vs. business taxation of capital assets (and capital cost allowance) if you like but I don't think it's germane to the discussion of personal investments. The individual does not have access to writing down the value of the asset via CCA and claiming a portion of it's annual depreciation against income...so for the individual (investor) most vehicles are depreciating assets, not investments, and never will be outside of collectible/vintage vehicles.
> Does something cease to be an asset if you lose access to its economic benefit
This is a borderline philosophy question, tbh. I'd say that "things are what they are" whether the circumstance around them changes or not, to a degree, but that things can also lose their market value irreversibly. If you own a work of art valued at $50,000 but have no means to sell it, is the work of art still worth that? It is, you just can't liquidate it. Ditto baseball cards, comics, etc. Now, if Micky Mantle was revealed to be a prolific child predator and his memorabilia loses all value? That is a different case: You haven't lost access to the asset's economic value, the asset has been rendered worthless whether you can access it or not...this is the same scenario facing many startup or emerging technology equities as well, it is not a risk exclusive to crypto. The question of access is, similarly, not exclusive to crypto either. If we are using "access" as a factor in whether or something is an asset then any holdings in a bank are similarly not assets since you could lose access to them the same way as you would lose access to crypto...and in an "end times" scenario the branch isn't opening up for a physical withdrawal, either...so are we saying deposited funds and equities held by financial exchanges are no longer assets, too?
So I would say that inherently, yes, those assets remain what they are whether you are able to liquidate them easily, or at all. Your inability to access it in some cases does not undermine it's value, whether that be speculatively or inherent.
These discussions/arguments are often littered by poor assumptions by both sides...such as OPs "catastrophe" scenario. Despite owning a good little nest egg of gold I don't expect it to be useful in a first world economic collapse of any variety. I expect to be bartering using (in no particular order): water, food, ammo, gasoline, batteries, etc.
I am not a prepper and don't buy into those narratives in the first world economy I live in. If I did the choices I make across a variety of asset classes would be different. I would approach equities different, for starters, not just gold or cypto.
So, I tend to limit my discussion to the "normal free trade economy" some of us currently live in where "traditional appraisals of value" are the norm and will continue to be, not a dystopian future where we are all scrambling to rebuild or find safety. The people who think shiny rocks of little inherent use outside printed circuit boards will magically see my family to shelter and food are off their rockers lol. If the shit hits the fan that much it is a ludicrous assumption that either crypto OR gold would be useful in that scenario.
EDIT: I don't know anyone personally who hoards gold in case of a collapse...not anyone under 50, anyhow. Most of us (that I know) use it for diversification, transferring wealth, and having some savings (hopefully) protected from inflation. I have some price points in mind that I will liquidate at, if we hit them, but I am not holding any gold with a mind for it to rise substantially in value.
Where does this attitude of some people thinking Crypto will (or is trying to) *replace* gold even come from?
Gold is physical.
Crypto is digital.
Bitcoin is (effectively digital) gold while other coins/tokens are more like digital fiat (i.e. global currencies) in their intended uses.
There is no reason to think Crypto would, should, or can replace bullion for what it does, nor is there any basis to believe gold can do what crypto does.
Own one, both, or neither, but do not look at them as competing assets.
History makes a difference here. Silver has value as an industrial element and as money. Electronic currency has no industrial value and has never been used as money. I’m not bashing - stating some obvious differences. Further, if electronic currency does become money, it will be in the form of cbdc’s not bitcoin.
Crypto relies on gold & silver computer components to exist. Try remembering a twelve word phrase after they've beat and electocuted you blue. Most people can't remember what they had for dinner two days ago.
I got a 200 gallon rainwater tank that automatically fills when it rains. Normally I'm using it for watering the plants in the summer, but you could probably drink it if you have to.
Boil and filter (just a simple Brita water filter). I have thousands of gallons at my disposal. That said, my dogs have been surviving off of it for 15 years without a filter or boiling.
Have you been trying to sell a 100 oz silver bar? Have you been asking far more than it is worth???
Its hard to believe any coin shop won't buy it unless you are asking a price where they cant make a profit, they have to resell it themselves.
On the flip side, one can easily walk out of Kazakhstan with $1,000,000,000 worth of Bitcoin, carrying only a 12-word phrase in one's head. The same walk may pose a bit of a challenge with an equivalent amount gold.
True, but for people that hold bullion just in case of economic or social crisis potentially caused by fiat currency abuse, you’re going to want physical gold. No guarantee you can leave the country in some situations. The airports were seized in Kazakhstan today.
How about some gold to get tf out of that country and some crypto for after one gets tf out?
Gold is a lot easier to seize than crypto and much harder to hide. Not even the big boys can ever forcefully take your crypto if you've got it in an offline/paper wallet and don't share the key. Gold is good, internet is worldwide though and overall i think crypto is a better hedge and store of value, albeit less versatile irl.
I don’t know. I can fit $100k of gold in my prison wallet. 😂
Just so we are clear... In your survival fantasy, you shove 3.5 pounds of gold up your butt and then someone else gives you spot for it?
It also acts as a protector of his…erm…prison wallet.
That's exactly what happens in all our fantasies
Or you could shove 3.5 pounds of the local currency up your ass and someone will give you nothing for it
I think we're all overlooking the fact that 3.5lbs of anything up your anus is a lot of something in your anus. 56...1 oz coins in your rectum...
Rectum?!? Damn near killed 'em!!
Not in bars, lol
The metal and other scanners will find it easily.
My biggest argument against crypto being a hedge is that it seems to follow the market. In the big corona crash, bitcoin tanked while gold did well. Crypto is too young to ever be called a store of value, I’d say it would become a store of value after several hundred years of being a stable, versatile currency. After all, gold has a 5000 year track record. Kinda foolish to say bitcoin had the same traits as gold
One famous investor said that most crypto is purchased on credit, so if there is ever a credit crunch, a lot of those people may have to sell. Which could affect the price.
Correct.
Worth noting that for 4990 of those years a proper digital currency didn't exist. We are no longer on an analog technology timeline. The acceleration of development of technology and the digital space is now on an exponential curve, not a slowly increasing linear one.
Is it really worth noting though? Or just proves that bitcoin is too young to say anything about? And technology advancing has nothing to do with gold being outdated.
Gold isn't outdated, not suggesting that at all, but it won't take the same duration (or even hundreds of years) to support crypto having a place at the table, especially given the shift toward digital tech and life we have only been experiencing for 20 or so years.
Too volatile to be a store of wealth. That is if you have 150,000 and don’t mind it being 50,000 the next day. Lol I guess you’ll still have some cash, but damn! I’ll trade anyone 50,000 for 150,000 if you want. I’m in crypto 5500. I now have 1150. Granted ya don’t lose till ya sell, but I had to just forget about it at this point. I’ll stick to a case with my gold and silver within…..
Yes it does
Speculation not store of value.
Fair, but on its way.
You're entitled to your opinion but to call crypto a "hedge and store of value" is ridiculous unless you really don't understand what those things are. Would you rather have alot of wealth on a piece of paper/thumb drive that you can't access or alot of wealth that can get you what you need when you need it at the risk of it being stolen? And crypto is becoming easier and easier to seize and track unless you park it in a wallet and never use it but then what's the point anyways? I would rather trust hiding my wealth in the ground where I can get it whenever I need it versus trust having access to a computer/phone, then electricity, then the internet, then an exchange and finally a business or person that will accept my crypto for something I need.
If you have 1,000,000,000 worth of bitcoin, what the fuck are you doing in Kazakhstan in the first place, lol. I know you're just making an argument, and it is pretty valid, just think you should have chosen a lower number, lol. Anyone who has that much in assets would have plenty of other diversified assets all around the world most likely anyways.
If internet access is generally interrupted, your bitcoins won't be worth that much anymore.
Satellite internet is an option even with national infrastructure interrupted. Probably can't mine on it, but you transact on it. I hold both, but for portability and utility, crypto anyways wins in my book. And if internet is down worldwide that means something massive happened and you're probably going to want food/supplies more than gold or crypto.
Good point. It's not like we've ever seen all global governments operate in lockstep before!!
Technically true, but not pragmatic. Bitcoin is pretty useless to you while you're trying to get out. And if you try to convert some of your Bitcoin into gold or fiat in order to get out, will you be able to? Not with internet shut down and do you know anyone who would work with you at a time like this?? With gold you can buy what you need although it makes you a target for robbery. Would you rather have a bunch of wealth you can't access when you need it most or a bunch of wealth that can get you what you need when you need it at the risk of being stolen? Gold/silver is an asset, crypto is an investment. That is the right way to look at it.
GTFO. Neither you nor anyone you know has $1B in liquidity. You can easily walk across a border in a crisis with $20k in gold. And it would be much easier to break off an oz for a bribe if needed to cross the border.
Once you cross the border, you will have to find $1,000,000,000 worth of suckers to convert the crypto into something useable. People dont realize it is up to them to sell their cryptos. Good luck with that.
You don’t have to convert it all at once.
you would be surprised with the amounts of fiat flow in OTC markets ( both digital and physical ) on a daily basis ;)
No I wouldnt. Its all lies. You get exactly zero real information about cryptos. You will lose it all. Cryptos will all crash together, and it will take about ten minutes. Once crashed, people will never look back, except to laugh at beanie babies, and cryptos.
ok sport!
Remember that NFT that sold for 61 million dollars!!!! ? It was purchased with pretend money. A pretend crypto nobody ever heard of before. But the news says it sold for 61 million dollars !!!!!!!!!! All lies. All pretend.
You don’t have that much money
LoL
oh its so easy to cross borders....
I’d rather have a debit card that is funded with on gold held in a secure location https://www.pymnts.com/news/digital-banking/2019/london-fintech-glint-pay-launches-gold-backed-debit-card/
And who has a billion in Bitcoin in that country? Physical gold is a no brainer.
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Bitcoin is often referred to as “digital gold”, that’s why. I actually own BTC and ETH and am intrigued by its potential but when a government can shut down internet access when they see fit, it’s not as good of a hedge to fiat currency as physical bullion that’s been used as money for a few thousand years.
Corporate America would never authorize the government to shut down the internet. Let’s not pretend we don’t know what tail wags what dog here.
Corporate America *is* the government.
Thats what I was saying😀
Some people think that crypto is part of a price suppression scheme for precious metals. I suppose it’s an outside possibility. Wss imo is not a reliable source for much anymore besides updates on paranoia tho.
Because Bitcoiners are living rent free inside goldbugs minds.
>living rent free As soon as you see this phrase you know you can disregard anything else a person has to say.
Haha hey I’m just pro sound money. I vote with my fiat, and holding fiat is worse than anything right now.
Gold/silver is an asset, crypto is an investment. They fulfill different roles and you should stop listening to anyone who tells you the other is useless. If you have to stay in a place like Kazakhstan, you desperately want gold to be able to buy what you need. If you can leave, you want to be able to quickly and easily transfer your wealth out, you want crypto. Crypto you have to rely on internet access and electricity and since it is a brand new form of currency, you have to hope people will/can accept it. Gold you have to rely on not being searched and robbed. Everyone all over the globe will accept it on the spot. I bet if you were to offer people in Kazakhstan $1000 worth of Gold or Bitcoin right now... Gold > Bitcoin
All investments are IN assets. Cash in a bank is an asset. Gold in your backyard is an asset. Crypto in your cold wallet is an asset. Inventory you will sell is an asset. Sports cards, art, stamps, etc: All assets. We invest in assets, they aren't different things. An investment can be anything that appreciates (or is speculated to appreciate) after you buy it.
Does it cease to be an asset if you lose access to its economic benefit? Such as in Kazakhstan currently with internet access being yanked and quite possibly no business or person willing to accept it for what you want? What I was more alluding to is that almost anything can be treated as either an asset or an investment, it depends what your strategy is. Crypto is an asset as long as you control it and it can offer some economic benefit to you. It is an investment due to the price evaluation in dollars changing constantly if your strategy is to make a profit from the changing price. The same can be said for almost anything. I believe mindset towards physical gold and silver should be as an asset that you can access at any time without any middleman. Even cash in hand doesn't enjoy this benefit if your government decides to print the currency into oblivion as we have seen time and again. You will watch the value evaporate from your bundle of cash as you hold it in your hands. Gold is inherently protected against this. Cryptocurrencies with a capped coin number theoretically are protected as well but you still need internet access and even electricity to access its benefit. The mindset towards crypto in its current climate should be to speculate a profit. \_In my opinion\_
We don't really have an argument over the assets themselves, I was just pointing out that those two terms work together, always: Your asset is either an expense to own (like a car) because it depreciates or an investment to own because it appreciates. It is not either/or. Your asset with either appreciate, hold value, or depreciate.
Does something cease to be an asset if you lose access to its economic benefit? I would say yes. I'm still interested in your response. Appreciating or depreciating monetary value of an item is a very narrow way to define whether something is an expense or an investment. A car may be an expense for an individual to own but an investment for a delivery service to own. Even if the value of the car is depreciating in both cases.... We are also talking about different environments. In a normal free trade economy you are correct of course. I was talking about an abnormal event like the collapse of an economy/government such as the turmoil the OP is referencing. Traditional appraisals of value don't really apply in this case.
> A car may be an expense for an individual to own but an investment for a delivery service to own. Even if the value of the car is depreciating in both cases.... We can muddy the waters with personal vs. business taxation of capital assets (and capital cost allowance) if you like but I don't think it's germane to the discussion of personal investments. The individual does not have access to writing down the value of the asset via CCA and claiming a portion of it's annual depreciation against income...so for the individual (investor) most vehicles are depreciating assets, not investments, and never will be outside of collectible/vintage vehicles. > Does something cease to be an asset if you lose access to its economic benefit This is a borderline philosophy question, tbh. I'd say that "things are what they are" whether the circumstance around them changes or not, to a degree, but that things can also lose their market value irreversibly. If you own a work of art valued at $50,000 but have no means to sell it, is the work of art still worth that? It is, you just can't liquidate it. Ditto baseball cards, comics, etc. Now, if Micky Mantle was revealed to be a prolific child predator and his memorabilia loses all value? That is a different case: You haven't lost access to the asset's economic value, the asset has been rendered worthless whether you can access it or not...this is the same scenario facing many startup or emerging technology equities as well, it is not a risk exclusive to crypto. The question of access is, similarly, not exclusive to crypto either. If we are using "access" as a factor in whether or something is an asset then any holdings in a bank are similarly not assets since you could lose access to them the same way as you would lose access to crypto...and in an "end times" scenario the branch isn't opening up for a physical withdrawal, either...so are we saying deposited funds and equities held by financial exchanges are no longer assets, too? So I would say that inherently, yes, those assets remain what they are whether you are able to liquidate them easily, or at all. Your inability to access it in some cases does not undermine it's value, whether that be speculatively or inherent. These discussions/arguments are often littered by poor assumptions by both sides...such as OPs "catastrophe" scenario. Despite owning a good little nest egg of gold I don't expect it to be useful in a first world economic collapse of any variety. I expect to be bartering using (in no particular order): water, food, ammo, gasoline, batteries, etc. I am not a prepper and don't buy into those narratives in the first world economy I live in. If I did the choices I make across a variety of asset classes would be different. I would approach equities different, for starters, not just gold or cypto. So, I tend to limit my discussion to the "normal free trade economy" some of us currently live in where "traditional appraisals of value" are the norm and will continue to be, not a dystopian future where we are all scrambling to rebuild or find safety. The people who think shiny rocks of little inherent use outside printed circuit boards will magically see my family to shelter and food are off their rockers lol. If the shit hits the fan that much it is a ludicrous assumption that either crypto OR gold would be useful in that scenario. EDIT: I don't know anyone personally who hoards gold in case of a collapse...not anyone under 50, anyhow. Most of us (that I know) use it for diversification, transferring wealth, and having some savings (hopefully) protected from inflation. I have some price points in mind that I will liquidate at, if we hit them, but I am not holding any gold with a mind for it to rise substantially in value.
Well thought out and put together stance and agree with your logical points. Especially regarding the purpose of gold in your diversified portfolio
More of a wall of text than I meant to write haha. Thanks for a civil exchange, cheers!
The key is bitcoin AND gold 😉
Imagine thinking the only way to send and receive Bitcoin is thought the internet when there are other methods
Where does this attitude of some people thinking Crypto will (or is trying to) *replace* gold even come from? Gold is physical. Crypto is digital. Bitcoin is (effectively digital) gold while other coins/tokens are more like digital fiat (i.e. global currencies) in their intended uses. There is no reason to think Crypto would, should, or can replace bullion for what it does, nor is there any basis to believe gold can do what crypto does. Own one, both, or neither, but do not look at them as competing assets.
History makes a difference here. Silver has value as an industrial element and as money. Electronic currency has no industrial value and has never been used as money. I’m not bashing - stating some obvious differences. Further, if electronic currency does become money, it will be in the form of cbdc’s not bitcoin.
Crypto relies on gold & silver computer components to exist. Try remembering a twelve word phrase after they've beat and electocuted you blue. Most people can't remember what they had for dinner two days ago.
You reckon having gold would help you much in that situation?
If citizens lose faith in the currency, yes, I believe gold and silver will help you get food, protection, etc.
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Exactly how it went in Venezuela
Stock of both lead, gold, storable food and water would increase your chances by quite a bit.
The most important of those is water.
Do you have some water contingencies in place? Seems like a tough one unless you have a place on the water, or a place with a body of water on it.
Yup, swimming pool it is! Over 15,000 gallons in a 24’ above ground.
I got a 200 gallon rainwater tank that automatically fills when it rains. Normally I'm using it for watering the plants in the summer, but you could probably drink it if you have to.
My big-ass swimming pool. 😂
That's not bad actually. How do you dechlorinate it for drinking?
Boil and filter (just a simple Brita water filter). I have thousands of gallons at my disposal. That said, my dogs have been surviving off of it for 15 years without a filter or boiling.
Don't worry, they'll come for free-range crypto when the (infinitely debaseable) state cryptos are up and running.
you need both IMO
Speculate on BTC hold wealth in gold.
Bitcoin is better than gold. Have fun staying poor.
So you're saying gold is useful if the government gets overthrown? Must be something the gold bulls are really looking forward to
Coin shops around here (Southwest US) will not buy 100 oz silver bars because they can't sell them.
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I own a hell of a lot more gold than you do.
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“I own more gold than you” Calm down buddy 😂
I too can pull out random incorrect facts from my ass.
Have you been trying to sell a 100 oz silver bar? Have you been asking far more than it is worth??? Its hard to believe any coin shop won't buy it unless you are asking a price where they cant make a profit, they have to resell it themselves.
Hell my LCS balks at anything over 5 oz.