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716

I despise them and only own tangible assets, not paper or digital mystery bullshit.

https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

I despise them and only own tangible assets, not paper or digital mystery bullshit. https://www.dailymail.co.uk/news/article-10967735/Australian-bank-Volt-collapses-140-workers-losing-jobs.html

(post is archived)

[–] 0 pt

well physical paper isnt that bad a choice least until they start introducing new bills. most of the new money made is through few clicks of buttons at the fed and trillions are digitally minted

[–] [deleted] 2 pts

Paper is a promisary note, do you trust the promise ?

You or anyone would be wise to put all paper into tangible. Food, whiskey, bullets etc. items that will be in demand.

Paper is not in demand, its a mind virus.

[–] 0 pt

i was thinking of it in terms of scarcity it has a semi fixed value and if a run on the bank occurs the cash itself will still have decent purchasing power. the part that fucks up is the government reaction to said crash printing more money with continuously increasing bill sizes

Please read my other comments to protect yourself.