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Strategies & Market Trends : ahhaha's ahs

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To: dvdw© who wrote (24631)	5/31/2017 9:31:51 AM
From: GraceZ	Read Replies (2) of 24758

>>>Crypto vs. hard money, silver and gold etc are respectively niche markets, looking for applications.<<< Tell this to the Venezuelans fleeing their country. Hard to swim ashore in Aruba with gold or silver. Crypto is much more useful in a "go" bag. If you haven't thought through what your "go" bag needs you haven't been paying close attention to the news. We have been kinda spoiled here in the US as we have few reasons to not trust the vast payment network (events of 2007-8 notwithstanding) based on ubiquitous access to credit as well as the USD being THE reserve currency being accepted pretty much everywhere. Since we aren't savers but spenders, credit is more useful than savings vehicles to us. Consider that most Americans have the bulk of their savings/wealth tied up in an immovable object, their home. Contrast this with Japan where the Mrs. Watanabes have been finding offshore alternatives to banks for their family savings for decades now. Imagine 2 decades of searching for some decent alternative to holding your savings in your local currency. This makes the crypto/currency/hard asset debate fall more into the realm of "a problem in search of a solution".

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