Good question. I have thought long hours about this myself. I own gold, Crypto, cash and stocks. GOLD: if it comes down to it, I absolutely can't figure out how I could use it. Can I walk in to a grocery and slap some gold on the counter at the checkout? Can I pull in to a self-serve and tell them I need a fill-up and paying in gold?
CRYPTO: Actually, same questions.
STOCKS: ForgetAboutIt.
So I still have no real answer. Maybe the Bunker Preppers have the only real answer. I just don't know.
Open coin base account and buy BTC or even other coins. Coin base is the simple and easiest way to deal with bitcoin. Other exchange looks very complicated till you get used to it. Binance is the second best, only my opinion.
I thought about that as well. That's why I posted my inflation theory. The premium will keep rising as they print more dollars. Remember this is backed by the coin so essentially it is still the coin. It sort of makes the dollars used to purchase these shares already worthless in a sense. The dollar now is just a trading mechanism in theory because that is the platform that is now setup. But as more and more Bitcoin can be used for things and the Bitcoin platform is expanded then each share of this will require more and more dollars to buy until the dollar becomes worthless or undesirable so to speak unil the gov ernment trades the dollars for crypto or the dollar gets sucked into some sort of a metaphorical black hole. Thatswhenitgetsinteresting. Of course this is all theory. But no government will allow their monetary system to be destroyed without a fight. They may just pull the plug for a while until they can regulate it somehow. Who knows. Will be interesting going forward.
And since it's memorial day I would like to remember Harold Powell who passed away this year. He was my great-uncle who was on the Beach on D-Day at Normandy. He was 100 years old. He wanted no accolades and no service of any kind. He never wanted to talk about it at all. God Bless America! GLTA
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