I believe precious metals are going to be very important on the next economical crisis but also have some doubts and questions. Who will be able to exchange for example gold to something else to buy some milk for example. Because some economists says there will be hyperinflation and fiat money will worth nothing like it happened in Venezuela. People started swap goods like old days. Do you think it is logical to store some food to prepare for big crush scenario.
RE: Precious Metals
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Precious Metals
Hi @omertalhaozde, thanks for stopping by. If it would be another financial crisis only, the gold would be more valuable to purchase tangible asset like real estate and other assets to increase wealth and to stock up more other basic necessities like food and water just incase total financial collapse coming next. But if it would be total economic collapse, gold might be accepted as a bribe. It is wise to stock up basic necessities like food ,medical supplies and etc besides learning basic survival skill like farming for time like those. I think coffee and battery would be a good currency too.
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Thank you for your kind answer @cryptokannon. Never thought about coffee and batteries.
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Actually that coffee and batteries was an idea from a kind friend. Good day!
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