Yes, it is interesting how so many of the young could care less about gold.
I owned 18,000 troy oz of silver in 2008. I was buying Comex bars below $9 and minting them into silver rounds during the shortage of rounds on that price drop. I loved the feel of the gold and even silver coins in my hand. Heck I was exporting silver rounds and 90% silver dimes&quarters to rpietilla in Finland for his silver investing initiatives. This isn't an issue of myself being too young to admire tangible value. Rather this is an issue of myself being too smart to think retarded thoughts.
this makes sense to me; if governments begin failing (possible precursor to full scale collapse) then gold will regain its lustre, at least for the 'old money' / un-crypto-infected generation duri g such a transition.
What you fail to factor into your analysis is that tinfoil hats don't make a market of commerce. They can all buy for a store-of-value, but who do they sell to? Ultimately they are relying on society to demand gold and silver for something. But therein lies the problem. Society will not demand them as money rather only the few sparsely geodistributed tinfoil hats who are always buyers and never sellers (except when they sell out of desperation for cash flow at the bottom and/or get expropriated by coming high taxes and Civil Asset Forfeiture on money laundered asset classes), other than for limited demand as jewelry and some limited industrial and electronic applications. But remember the global economy will be be imploding, so aggregate demand for everything will be declining. Saving up industrial metal right before a global collapse in demand, means the only buyers of the future are the tinfoil hats themselves. Not smart.
What you apparently did not enter into your analysis is that in F.U.B.A.R. mad max collapse, if you attempt to spend gold, you become a target for marauding gangs and also in any government haven a target for expropriation by the government.
let me read your palm ... you are fortunate to have made it into a totally collapsed world ...
I see you opening your door. The local "community worker" is there, and he asks for "your donation"
to this weeks worthy cause - the junior section of the militia is upgrading to fully automatic weapons -
and he expects a brown envelope.
In 1000 words or less, write out how you will explain to him that you only have barley, wheat and
dried goods, and persuade him to either take those or to get the militia to restore your electricity
so you can transfer some cryptocurrency to them. Welcome to the new world.
...as in Greece...Bitcoin is the best remedy available...
Your thoughts are based in fantasy.
If we humans were that organized, there wouldn't be any crisis in the first place. It is precisely that we are all dependent on the debt-based economy and there is no way for us to collectively cross the chasm of defaults socially and remain cohesive is how the bastards have managed to enslave us. That is why Bitcoin is no viable solution for Greece because Greece is a large economy that depends on external and tourism trade and any move to BTC would cause Greece to be cut off from the world by the axis powers and probably also the axis powers would fund internal internecine chaos, deprivation, and starvation.
Thus your error is there won't be an organized resistance with sufficient community protection. The first thing Hellary Slimeton will decree in a martial law collapse is pummel the self-reliant communities and militias in the USA. If necessary they can poison them from the air with toxins.
Also what you are failing to grasp is that there are very few self-reliant people remaining on this planet. When the crisis envelopes, the gangs will take over the lawless areas and turn them into mad max. Most people will move to government protected areas and follow what they are told to do, so they can be fed and sheltered.
It can also transpire in a less mad max form. The government can slowly ratchet up expropriation laws and regulations, and the self-reliants ones are divided-and-conquered as they are slowly whittled down as those amongst them that capitulate to the government (e.g. are bankrupted, lose their land to the BLM, EPA, etc). This will be capitulation by 1000 paper cuts. Imagine a herd of animals, and the hunting animal picks off the weakest from the herd first. In this way, TPTB will whittle down the resistance movement to those few diehards, then they can assassinate those last few remaining, isolated nutcases. They already own the minds of our children with social media, smartphones, and the "education" system. I think this is the more likely and preferred scenario of TPTB. They are only preparing for the mad max scenario if they are forced to it.
For example,
what happened to Bundy Ranch? Everyone has forgotten by now. Eventually the Feds will
whittle down that resistance and take him down.
To put this into reality for you, imagine a small Pacific Island that has to import nearly everything. How the hell is it supposed to survive using an illegal money and depending on ships coming from and across jurisdictions regulated by TPTB. The resistance movement is an analogous island. They don't even have allodial title sovereignty over the land which they stand on.
There is no realistic way to successfully resist out in the open in the tangible economy. Our only hope is the virtualized, Knowledge Age economy where we can be entirely anonymous so our organization is impenetrable, unassailable, and thus inalienable. Who me? No, I am just a simpleton who survives raising small farm animals and a garden. Or, oh yes I am the programmer of that new software X. Did you buy it too? No I never worked on any anonymous shit. I am not crazy enough to get myself in trouble doing something as insane as that.
You all do realize I was just thumping my oversized ego when I said I was working on anonymity technology.
There is nothing really there.
