Nostr Web Client

A small amount of physical gold as a “get out of dodge” asset is smart. Many stories of people who saved themselves and their families with a few gold pieces when SHTF.

But I wouldn’t store my wealth in gold for the same reason I hold a small amount - if I have to get out of dodge, that shit is getting confiscated by the first man with a gun who crosses my path.

Enough to buy safe passage so you can go somewhere, load up your seed and reclaim your BTC is the right amount of gold to hold.

Mike Dilger ☑️ 2y ago

I would hold a bit more precious metals than that to diversify. The Internet may be down during WW3. But I recommend silver, because 1oz silver coins are low enough value that they can be used for practical transactions, whereas you have to buy a hell of a lot of stuff to get your value from 1oz of gold.

Reply to this note

Please Login to reply.

Discussion

StackSats.IO 2y ago

I’ve got some silver Krugerrands for this but I also gift them to kids - they can’t spend them and have enough value that the parents won’t just chuck them.

But if you anticipate the internet going out during WWIII, unless you’ve got a self-sufficient homestead and plan on hunkering down and fighting off bandits, precious metals won’t do much for you. Better to plan for where you can go that is likely to be nowhere near fighting and also not be at risk of government officials coming to conscript you in to service - then BTC is still the right bet.

NZ ought to be a safehaven but you’re likely to be cutoff from the world and if all the American elites who started it all decide to take shelter there, that’s just a gigantic target 🎯