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re: Gold/Platinum price cross.

Posted on 5/11/21 at 12:54 pm to
Posted by dragginass
Member since Jan 2013
2773 posts
Posted on 5/11/21 at 12:54 pm to
Possibly, but it doesn't serve the same purpose or convenience. In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80803 posts
Posted on 5/11/21 at 1:54 pm to
quote:

In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt.




Meh, in a true SHTF situation, screw lugging around heavy pieces of metal. Food, bullets, booze, tobacco, medical supplies, etc will be much more valuable than a shiny rock. Maybe it is an older generation thing but I know every one of my friends that think about SHTF type scenarios have the same mindset. Shiny metals would be way down the list of things we'd trade our items for. We'd rather things that actually served a purpose.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/11/21 at 2:14 pm to
quote:

In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt


Posted by Auburn1968
NYC
Member since Mar 2019
19717 posts
Posted on 5/12/21 at 12:17 pm to
quote:

Possibly, but it doesn't serve the same purpose or convenience. In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt.


Should there be a massive solar flare that wipes out all thing electrical (Carrington event like), gold won't be harmed.

quote:

A Warning from History: The Carrington Event Was Not Unique


quote:

Sept. 1, 2020: On Sept. 1st, 1859, the most ferocious solar storm in recorded history engulfed our planet. It was “the Carrington Event,” named after British scientist Richard Carrington, who witnessed the flare that started it. The storm rocked Earth’s magnetic field, sparked auroras over Cuba, the Bahamas and Hawaii, set fire to telegraph stations, and wrote itself into history books as the Biggest. Solar. Storm. Ever.
Posted by obdobd918
Member since Jun 2020
3228 posts
Posted on 5/12/21 at 11:51 pm to
quote:

Possibly, but it doesn't serve the same purpose or convenience. In a true SHTF situation throwing some bars in a bag is way better than some crypto wallet cash-out attempt.


How does one access crypto when the power is out for days. If things get really bad, prices get out of sight, people won't be able to afford electricity.
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