I have mix feelings about gold. It’s traditionally been a safe haven from currency crises and inflation and it could play the same role now. The problem with gold is that is purchased through intermediaries that usually keep custody of it. That’s just paper gold and when SHTF it’ll be worth nothing.

Of course, it’s posible to buy gold and store it in your garage but then again it’s difficult to secure, transfer, transport, divide or verify. It’s also hard/illegal to travel with it.

With Bitcoin, you have all the benefits of gold, plus many others. It’s easy to secure, store, transfer, verify, and transact. You don’t need to rely in a third party, it’s liquid and if you follow some basic principles no one can ever take it from you. It’s gold 2.0. So I won’t bother with 1.0.

The only scenario in which gold would be superior is a Mad Max dystopia where no systems are in place, no even the internet. Then having a few gold coins and many weapons could be very useful. Let’s hope it doesn’t get to that.

Student of life. Trying to make sense of it all, be happy and help others achieve their dreams. Join me at: albertotheauthor@gmail.com

Student of life. Trying to make sense of it all, be happy and help others achieve their dreams. Join me at: albertotheauthor@gmail.com