Fiat vs Gold vs Bitcoin - You decide??

in #money7 years ago

Would like to see some opinions here!

Clearly our current system cannot be sustained the future of money will be written in the not too distant future.

Sort:  

Hey, good luck on your journey in our fine community! I'll follow your account to see how you doing :). Please follow me @nakedchef89.

DONE!, thanks for the vote :)

Gold has way to much of a premium just to get it.

Gold is a hedge against inflation political turmoil and currency devaluation, proven in history and will do it again as this artificial system comes down.

I'll be a contrarian here. Just read an article that claims bitcoin is going to $55,000 in 5 years(2022) because people are dumping gold for crypto's(bitcoin). It seems to me that any tangible asset would be as valuable as gold if fiat becomes worthless from a gallon of gas to food, guns even alcohol, real estate, automobiles, anything with a practical use would be valuable for trade(bartering would come back into vogue again most likely). so, have a lot of useful things and you should be able to survive getting by, doesn't have to be gold. i do think some bubbles will be popped here pretty soon, but I don't see the collapse of the economy in our lifetimes. I know some people are a lot more pessimistic. I hope they're wrong.