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You can fit $1 million in a briefcase in a safe. No need to rely on fractional reserve banking to store your money. Granted, that would be stupid, but it's cer
by selectodude 4y ago
You can fit $1 million in a briefcase in a safe. No need to rely on fractional reserve banking to store your money.
Granted, that would be stupid, but it's certainly an option.
- notch656a 4y agoThe problem with fiat is a completely unknown monetary supply function. Gold makes a lot more sense IMO in your scenario as there's a finite amount in and on the earth, and it would take a scientific breakthrough to economically create more than that.