Post
Topic
Board Economics
Merits 1 from 1 user
Re: Martin Armstrong Discussion
by
contraband
on 22/08/2018, 00:18:40 UTC
⭐ Merited by vapourminer (1)
STT, Shelby wanted me to ask you to do some reading because he strongly disagrees with you about gold:

https://bitcointalk.org/index.php?topic=4920367.msg44422077#msg44422077


Very solid points!!!

Gold and Silver's potential to be a viable medimum of exchange, is only decreasing as the time goes by. This also has an effect on its use as a store of value, as the value will continue to go down.

Now, if society were to completely fall apart, to the point that government has little control of a few select cities, and almost zero control outside of them, sure, gold and silver would become more relevant, but not by a whole hell of a lot, and the gap in value between gold/silver and crypto would increase exponentially in such a scenario.

So then in what conditions would gold/silver be a good choice?

Now that crypto is here, I would think everyone that has even a limited grasp on the dynamics of crypto, would see this as a no brainer?

Im really strugging to see where Im wrong here? Especially after reading Shelbys linked post. Whats the argument after reading that?

Im not trying to be a smartass when I say, that Im surprised that people think that gold/silver would even compare to cryptos potential in any case!

Many thought silver would take off because of its use in industry, but we see what we got from that.