Quote:
Originally Posted by mopek1
The word is that because of the amount of money being printed that the dollar will collapse in on itself and that BTC and Gold will be the currencies standing at the end of all of this.
I'm not knowledgeable enough in the finances industry to know either way so I wanted to know what your thoughts were.
Also, it's being said that physical gold is what we should buy, not paper gold.
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Paper gold is a pyramid scheme. If you want to protect against the collapse of the USD, you should buy both physical gold and Bitcoin.
Bitcoin is worthless if the Internet is down in your area. Gold is hard to verify and use for transactions but is great as a store of value. Depending on the crisis, one or the other will turn out to be better.
IMO, under normal circumstances, Bitcoin is a superior store of value and protection against fiat collapse, but as the old saying goes, don't put all your eggs in one basket.
(for more, google "EMP attack" before you dismiss physical gold, such as Canadian Gold $50 pieces, as a good place to keep a little protection).