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Joined 2 years ago
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Cake day: July 2nd, 2023

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  • Thoughtful and thought-provoking response.

    I think we agree that the process will be a gradual one rather than a series of lightning strikes (although the rapid erosion of both hard and soft power, economic and otherwise, over the last few months is discouraging), and certainly as you point out, of the value of the dollar may not correlate with its supremacy as a reserve. Furthermore, precedent, most notably with the British pound’s dethroning as the world’s reserve currency, and subsequent resilience in spite of same, reinforces your point.

    I would happily research any further specific suggestions you might have as far as hedging and diversification.


  • I don’t know why the downvote; I found your answer to be worthy of further study. On a very brief first encounter, Monero seems dauntingly complicated for a typical non-technically-oriented investor. Certainly seems to have its merits for those that do understand the finer points, but one of the oldest maxims of investing is have a full understanding of how the sausage is made.

    Incidentally, for those whose assets are already well known to those in power, I think more transparent solutions might be the logical course of action.

    Gold is certainly on my radar. Currently pondering the best possible avenue e.g. physical, GLD, miners, etc. and will certainly explore goldbacks. I imagine that could be a thread of its own.

    Thanks for your response.