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the same goes for cash & credit card, and in any case an apocalyptic war resets all prices to 0. Or you could extoil the virtues of gold but good luck carrying
by buboard 7y ago
the same goes for cash & credit card, and in any case an apocalyptic war resets all prices to 0. Or you could extoil the virtues of gold but good luck carrying your gold in an EU country from Jan 1st, let alone the Moon and Mars
- short_sells_poo 7y agoOf course traditional assets are highly uncertain if the world goes tits up, but you were the one hinting that cryptocurrencies would be a good hedge in a doomsday scenario. The truth is that it is extremely difficult to predict what asset to hold in such a case. Physical assets can be confiscated by force, ephemeral assets are likely to just cease to exist. Perhaps the best hedge is nothing as material as gold, or guns, or money, but having a large and robust network of friends and acquaintances. Ultimately, being connected (not just in a technical sense) is the best enabler of success in or out of a doomsday event I think.