Post
Topic
Board Beginners & Help
Re: Silver is important
by
Fressac
on 26/03/2013, 16:26:12 UTC
Specifically the failure of the powers that be to provide us with a stable and usable currency. Fiat money is going the way of toilet paper.
How is silver going to be helpful in that scenario? I assume you are talking about a serious currency meltdown such that cross border payments become difficult/impossible.
The same way it helped people in Zimbabwe, Germany and Argentina when their currencies value shot to zero, it was something that people could use as trade.
OK, understood. But that only helps in meatspace situations. BTC is nice because you can still trade with anyone in the world, including meatspace transactions, provided of course there is internet connectivity.

What are they trading these days with in Cyprus? They still have internet there in spite of their extended "holiday" period.