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To: Vermont Lt

I have an acquaintance who insists he has investments in gold to weather the storm when the forthcoming economic apocalypse he’s always predicting finally comes. Always some scenario where the North Koreans or China or Iran will nuke the USA and we’ll all be blasted back to the Bronze Age.

I told him “You have paper gold. A piece of paper you bought that claims there’s someone holding gold for you somewhere. It’s not the same as big ass hunk of gold in your pocket. If American society ever devolves into scavengers ravaging the radioactive wastelands wearing hockey gear lined with rabbit fur and firing crossbow bolts at one another murdering their fellow man for the last slice of baloney, what good is a piece of paper tucked away in your breastplate that says some guy in the Cayman Islands owes you $5000 worth of gold? And even if it was a big hunk of gold in your hand, and I remind you it’s not, what value do you think actual gold will have in this social catastrophe you predict? Someone’s Pharoah’s going to want it to construct a pagan funeral mask for a beloved princess and he’s going to trade you 100 camels and a reed barge for it?”

He got very angry with me and went back to listening to Glenn Beck. Very sad to say he’s one of the more intelligent people I know.

So yeah, about your digital bitcoins. Who’s face is engraved on it?


17 posted on 02/03/2017 11:00:52 AM PST by The KG9 Kid
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To: The KG9 Kid

“So yeah, about your digital bitcoins. Who’s face is engraved on it?”

Who cares? What I care is if I can exchange that bitcoin for something I want.

Today I can exchange 1 bitcoin for over $1000!

And regarding Armageddon, it’s utter stupidity to live your present life as though Armageddon is around the corner, when it’s no where in sight. Though I’m not against keeping an ear on the ground and preparing accordingly.


31 posted on 02/03/2017 11:30:04 AM PST by aquila48
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