Posted by palehorse
(here)
Hello,
Back in 2010 I heard that bitcoin was created/sponsored by * N * S * A * but the idea of crypto currency is much older than that, there is reference like `protocols for public key` from IEEE computer society from the 80', also references like `probability theory` from the 50' which is used in the bitcoin code. Crypto Currency was supposed to happen anyway, in 2008 bitcoin draft was released and boom! Here we are.
In terms of investment I would be very careful and watch closely because it can go away in the blink of an eye, you can see how volatile it is.
I would invest in assets like farm land, gold, silver, whiskey, tobacco, sugar, salt, canned food, medicines, batteries, diesel/gasoline/kerosene, tools for planting, seeds, and the list goes on.. but most are not expensive items, and for now you probably can find elsewhere.
But ok, remember governments can turn anything illegal overnight, remember to those ones keeping gold at home, it is history now but it could happen again. Crypto currency as we know today probably will go away and only the official crypto currency backed by governments will be legal.
OP made a very good questions.
1 - Yes and No depends on what you want to archive with that. I personally would be better off with food, tools and land.
2 - Maybe a friend or those big stores like Kitco. I tried to buy it in Thailand months ago, no deal for silver only gold.
3 - You answered your own question. See my question below and why I am worried.
4 - I know only Kitco and JM Bullion both buy back your gold/silver at a discounted price.
I also have one question (sorry to hijack the thread)
What will happen to property taxes when the fiat currency come to an end, how we going to pay our taxes if we refuse the new system that is knocking our doors? Will it be taken away from us? I mean if you hold the ownership of that property of course, if you rent then no worries at all.
Have a nice day folks.