3 ms·
For one, paper currency have finite lifespan (modern or caveman civilization). They will dwindle in circulation, coupled with a deafening booming demand for suc
by egberts1 2y ago
For one, paper currency have finite lifespan (modern or caveman civilization). They will dwindle in circulation, coupled with a deafening booming demand for such "In God We Trust".
Credit card, debit card, and gift card are all expected to be unusable even in long term (lookup EMP)
- Rhapso 2y agoSo you think gold has value only because other people think it has value, not because it has any other intrinsic use? I bet you like fiat currencies too!
- egberts1 2y agoCoin is the next best thing to have, but you need like a huge vault for that.
- Rhapso 2y agoThat seems like a hazard. Anything "valuble but too heavy to move easily" would mean people would rather own the spot where it is sitting right now. I would need a LOT of gold to convince somebody to give me a few chicken fledglings in exchange for them in a "after the fall" situation. It sounds like no matter how you look at it, stocking up on gold is a kinda dumb waste of money.