@kyriacos, I see your points. An investment is only as good as the ability to transact. However, I have invested in both precious metals and cryptocurrencies (for very different reasons).
Cryptocurrencies - Fast transactions, worldwide transactions, ease of use
Precious metals - Holding and seeing my investment, a way to transact if the world our digital systems are not in operation.
At present, there is a market for both. If I see that changing in the near future, then I will get out of one or both.
Thanks for sharing! I appreciate the challenging viewpoint.
How do you plan to transact gold if something major happens? What makes sure others will accept transacting in gold?
I have not invested in gold. I prefer silver. If something major happens (like the end of the world kinda event) then bartering will most likely be the most common form of transactions. But you are right, there is no guarantee that someone will take my silver.
I may be the biggest fool, but I am trying to find a good path. I have my eggs in both baskets! And I have happy with that decision (at least for now)!