/biz/ - Business & Finance

>>54536442
>How has gold held up in your community? I heard people used to hold USD as an inflation hedge and converted to local currency for commerce.

Gold as jewelry is sold and bought but as PMs as bars it's impossible to use metals, most big parties want to use banks and that means capital controls.

So you end up reported to the gov, crypto adoption is parabolic here, you can literally cash in and out without kyc since there are people doing the arbitrage on cash now, in fact they literally pay you to buy usdt (since most of the usdt is from freelancers selling for pesos), so the other side operation aka buying usdt is at the moment inverted to the point you give 100 usd and get more usdt.(around 102-103 usdt).

But this is just due to weird financial shit the gov is doing by buying and selling bonds to keep the usd supressed historically the stablecoin usd had a higher premium than even physical usd.

So i would recommend crypto than PMs but if you are well positioned like in a homestead gold would not be bad if it's a long term insurance.

But if you are in europe and at risk of the eu going to shit and needing to move in the future then crypto 100%.

Crypto ability to bypass borders is what makes it superior to metals, not saying metals don't have a place but it also depends on the culture of the nation.