re: #118 Targetpractice

That’s what always causes me the loudest laughs, the idea that gold and/or cryptocurrencies are any sort of hedge against the collapse of fiat currency. Gold’s value is dependent upon what others will pay to acquire it, it has no inherent value that you can use to trade in it. If tomorrow the US were reduced to a barter economy (say the value of the dollar cratered), you might find that it takes a bag of gold coins for a single 16oz bottle of water.

“That’s not a fair trade!,” you say? Well, the guy with the water certainly thinks it is, and what he’s got to trade has value as a source of hydration. Your gold coins are little more than shiny paperweights if nobody wants them.

And cryptocurrency? HA! If you think gold is worthless, try trading in lines of code with that guy with the bottle of water.

“That’s not a a fair trade!” I tell him, and then vaporize him with a Mark V laser pistol.