Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
And imaginary, valueless shitcoins are a complete non-factor compared to physical metals in the endgame.
The physical part is an understandable perspective. But, what value does gold really have? If the endgame is a SHTF scenario lead is far more valuable than gold. You can't feed gold or silver to your children. If grain is scarce I'm not trading any of mine for your precious metals.
If the shit never does hit the fan, and in the current global socioeconomic climate value is subjective, and gold is no more impressive than a paper wallet. It wouldn't be any more bizarre to trade bird's heads for tulip bulbs if we lived in a society that put value on those items.
A diverse investment portfolio is the most practical approach.
I agree with DireWolfM14 here. If SHTF, the most valuable resources until order is restored will be food (and ways to acquire/grow/raise food), potable water, and fuel. I would add shelter but I don't know that shelter would necessarily be lacking. The basic necessities will be the means for barter. Here, I'll trade you 3 pounds of meat for 3 gallons of water. Or, here's 20 lbs of grain for 5 gallons of gas.
If there arises an interim order (some community is achieved through communal self-sufficiency), there may be some call for a medium token of exchange, but while a precious metal might be favored, honestly pretty much anything can serve as a token of exchange as long as all the interested parties agree on its value. It could be crow's heads, for all I know.
I find it somewhat amusing the depths to which this thread has sunk due to the lack of volatility in the BTC market. A remarkable obsession with hats. I suppose even an xhomerx hat (properly authenticated, of course) could also function as a medium of exchange if SHTF.
