Post
Topic
Board Economics
Re: Martin Armstrong Discussion
by
OROBTC
on 24/01/2018, 16:36:56 UTC
...

Actually, CRED.me, your comment to a degree reinforces my near-constant nagging of those with investment assets to diversify their holdings.

You might be right about gold becoming "obsolete", although I doubt it.  True, the young do not like it.  THREE coin dealers here in my city have confirmed to me personally that "Bitcoin is sucking the oxygen out of the room" re physical gold buyers.  But, this is perhaps fashion.

"The Ten Thousand Things Rise and Fall Without Cease"
- Lao Tse (approx. 500 BC)

Gold has been valued by mankind for 6000 years.  I have no problem with keeping a fair amount of gold as "insurance against .gov malfeasance", and you have agreed with that position (note, this comment right here is more for new entrants in this conversation).  Anything that has a 6000 year track record of excellence in Store of Value ought be given the doubt when its value comes called into question.

*  *  *

With the above said, my inclination is to believe that cryptos are a new class of assets.  And it looks like they will become ever more important through time, with the inevitable ups and downs (in part due to .gov interference).

I still have yet to find anyone who can convince me that holding BOTH cryptos and precious metals is unwise.  Personal circumstances of course would influence which particulars and in what quantities should be held.

Perhaps gold's biggest problem is the inability of getting a significant quantity through the X-Ray machines at airports...  That is an issue I am still working on, how does one do that?  Perhaps you know of a famous/infamous gold guy named Peter ("Pete T") Trzaska, he claims that there is a way to get gold onto the plane undetected, but he declined to tell me how.

*  *  *

CRED.me, I have to credit you with your theory (which I have not plowed through yet, only glanced at it) of "The Knowledge Age".  Odds are that smart people, on the average, will reap outsized gains as we move forward in the future.