Is True Value in Crypto or Gold?

Daily Reckoning ^ | 25 July 25 | Christopher Whalen

[delta7]

Best to stick with “ Honest weights and measures “, as we are seeing….if you don’t hold it, you don’t own it.

[Disambiguator]

Gold. It’s still there when the power goes out or an EMP event permanently takes out all electronic devices including computers.

[PeterPrinciple]

but also confirms the love for creating new games to enable speculation.

---

the traders just want change, not stability

[aMorePerfectUnion]

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

[aMorePerfectUnion]

If YOU would like to be on a Gold & Silver PING LIST, please pm me.

The Gold & Silver Ping List covers the following:

Everything Gold & Silver
Stock market investments in mining companies,
etc.

[TexasGator]

“Gold. It’s still there when the power goes out or an EMP event permanently takes out all electronic devices including computers.”

Take your gold bars down to the local market and see if they will make change ...

[Fireone]

This isn’t even a serious question.

[TexasGator]

"if you don’t hold it, you don’t own it."

Very true. I skimmed a small fortune from my investors and after my ponzi scheme went upside down the feds wanted me return it to the investors.

Being savvy, I hid it in my mother's basement.

While in jail, some maintenance dude found it and sold it for pennies on the dollar!

signed, Martin Armstrong

[marktwain]

One of the biggest reasons to own bitcoin is to escape governmental control of the money supply and its inflationary effects.

[philman_36]

No matter how many schemes are designed and put forth people still expect something from nothing and are somehow surprised when they eventually get nothing when things implode.
Silver, gold and gems, for instance, all have inherent value. Even aged whiskey or wine has inherent value to some people.
However, the Constitution says gold and silver COIN are money. I'll bank on that.
What inherent value does crypto currency have? /rhetorical question

[philman_36]

Take your gold bars down to the local market and see if they will make change ...

Silly rabbit, you only bring gold for big purchases. You bring silver for smaller purchases.
That's not very right on your part.

[Dutch Boy]

I worked with a guy that suggested to buy stuff in preparation for a collapse. His thought was that if everything crashed, it wouldnt matter how much gold or money you had if there was nothing to buy. He recommended buying stuff like tools, guns and ammo, water purification, long term food, building materials, etc. On the other hand, if the collapse never comes, there will be one neck of an estate sale when he kicks the bucket.

[Disambiguator]

That’s not what gold bars are for.

[Jonty30]

Dont trust Crypto. It just seems to be a vapour product that creates value from nothing and sells it for real world dollars.

Whomever created it gets real world dollars, while you get vapour bits and bytes that can disappear at any time.

[Vermont Lt]

When I hear people talk about EMPs I think of two things: They like to read apocalypse novels written twenty years ago. I also think that they haven’t really considered what the world would be like after a widespread EMP.

If a nationwide EMP went off, how you exchange ANYTHING for value would not be a primary concern. As they say, when that happens the “bag limit” restrictions are lifted. Neither bitcoin, cash, gold, or silver would get you much in trade in that world.

In fact, if an EMP was triggered over the US, it would require the detonation of a nuclear weapon over our land. Stop and consider for a second what that would mean to the world.

So…any argument against crypto or simple digital transactions that are based on an EMP going off in the US should be filed under the scenarios where lighting sets off nuclear bomb that moves the earth rotation into an asteroid that hits your house. In order words, its not worth considering.

[Jim Robinson]

Neither. Study your Bible.

[airborne]

Can an EMP take out cryptocurrency?

Don’t need to ask about gold.

[Vermont Lt]

An as an aside, bitcoin is one of the top valued assets you can hold. It has been around for almost 15 years.

I am stunned when I read articles or watch the business channels and I hear how people “don’t understand what it is or how it has value.” And these “investors” are responsible for billions in other people’s assets. That’s not just stupid, it’s malpractice.

I am not saying people should buy it or not. That’s not really up to anyone but the individual. I am merely saying that it’s not “new” and it’s not a “mystery”. If you consider yourself a savvy investor and you dismiss Bitcoin as easily as people do around here…you are kidding yourself. And your ignorance is stunning.; Take fifteen minutes and do an internet search. It’s not that complicated.

The biggest financial managers in the world are literally falling all over themselves to get a share of this market. It’s a long way from “tulips.”

Education yourselves.

[Vermont Lt]

You need six operating computers in the world to maintain the block chain. An EMP is not eliminating that. EMPs, as they work today, would take out a city. Or maybe a region (New England for example.). It’s not going to take out the nation. That is a pipe dream novelization of the real world possibilities.

[Mean Daddy]

...and if you don’t have electricity,no bitcoin.