I know most on here are bitcoin, but does anyone stack precious metals? I was into this during the 08 crash before I discovered bitcoin... Is there a need for both?
Discussion
for what?
I personally don't just because it would be a hassle to obtain some and verify it's real as someone who knows nothing about it. There's no doubt that metals will be valuable in the future, but whether they'll maintain a premium for being good money in a world where Bitcoin exists is a risk in my opinion. It's good to hold some if you're comfortable with it though.
I think that would be the biggest problem in the future if shtf, unless you know how to spot fakes you will get rugged pretty quick.
Settlement is instant. The exchange and ownership are private. Gold works when the Internet is down. Gold works when the power is out. The gold supply is limited by God, not by social agreement. I think Bitcoin is a nice complement, especially for online or long-distance exchange, but I never bought into the whole "Bitcoin is better than gold" narrative that started a few years ago. I'm not sure where that line came from. The important thing is to let people choose their own media of exchange, regardless. Some will prefer this, some will prefer that.