You are viewing a single comment's thread from:
RE: If you plan to buy Gold, you might want to remember Executive Order 6102
Sorry to burst your bubble...but if I take your cell phone or deny you access to your computer, your bitcoin is useless...all I need is the proper legislation...
IMHO the only way to be safe would be to buy silver with cash and bury it in your backyard
It hasn't came to that point yet but if it does I would create an offline wallet, not connected to any computer or device (cold storage) and write it down on paper or even better, If my entire wealth depends on it I am sure I can memorise two 34 digit numbers and never have any trace of it.. Until Facebook can read your mind that is.
I can't take my gold with me, if war breaks out or something equally extreme happens I am fucked. In Venezuela people currently are starving and hunting rats and dogs in the street, gold isn't any good to them, but they do use BTC as it is more stable than their state currency.
It is probably hard to purchase bread with a memorized 34 digit number.
Ultimately I am glad that I am already old. If it really get's nasty, I had a good life...
Would not want to live under such circumstances anyways.
Still, silver coins appear the best choice for me. They might still get you some food or gas...
In Kenya more than 50% of wealth is traded in the form of transferable mobile minutes via text message. BTC for bread may not be far behind. I am 22 so I don't have the luxury of a long happy life yet haha
Don't you think that a mobile phone can easily get monitored, hacked or confiscated by authorities? What if electricity fails?
Just saying...
True, it's just food for thought