Replying to Avatar StackSats.IO

Can’t imagine being a goldbug.

Like what scenario is this guy planning for that would make this amount of precious metals a good investment?

Its basically an anchor keeping him in place. Can’t fly anywhere with it that’s for sure, seaports also closed to him, maybe he has an unguarded border he could drive across but then by the time you’d want to leave those crossings will def be manned and the giant stash of shiny rocks is going to get confiscated, if of course they’re not already taken in door-to-door raids.

He seems to have skipped all the possible reasons that holding sound money is a good idea and is simply planning to rebuild society after the rapture.

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Brisket 2y ago

They're betting on the history side of gold being a world reserve asset.

Money is a technology.

Gold was a better monetary technology than glass beads, shells & silver. The best money acquired a greater % of monetary premium. Look where/what the monetary premium is sitting in now.

It's a bit sad. They can see that the music will stop.

It's not the flex that they think it is.

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Brisket 2y ago

Money is neutral.

It's also a technology. 🤣

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