Owning physical gold is an extreme safe asset during a systemic crisis, although its usefulness as a mean of payment is questionable. (Until KartaBars Payment System came online). Fundamentally, the severity of the next crisis will be dictated by people. People, not governments or banks,run societies and they can always decide the form it takes. When the financial system of former Soviet Union countries collapsed, people resorted to alternative means of payments, including clothes, food and i-owe-you’s, and prevailed. At the end, like during all major crisis in human history, endeavor and perseverance have decided the faith of societies. There is doubt that they will do so also in the future. Continue…
