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.
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.
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 🎯
I have some silver and gold remnants from before I got into Bitcoin. I have stockpiles off firearms and ammunition too. Still, if Bitcoin doesn't work there's going to be some bigger problems in the world. Trading gold for escape would be one of the last of my concerns because there would be no where to go.
Gold and silver coins can be easily converted to cash in just about any city.
That’s useful for all sorts of things that might cause you to temporarily or permanently evacuate your home town/city. Tornado, hurricane, earthquake, contaminated water system, weather related power outages, forest fires, chemical spills from a train derailment, etc, etc.
A stack of $100 bills is also useful. Maximize your options and you’ll be in a better position to handle the unexpected.
*taps mic* mandibles.
