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RE: $20,000 Gold, and Bye-Bye Petrodollar ~ Dr Stephen Leeb … (Death of the Dollar–38) with Link to Full Story

in Project HOPE4 years ago

I totally agree with you, yet there is one nagging feeling that makes me wonder... Would people be that well informed to make that choice or be persuaded to continue using the petrodollar. Based on my talks with friends on crypto, I think many would still prefer what is convenient and approved by the government.. which is sad.

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Of course, people will continue to use the dollar as long as it has value and as long as it is convenient. But if it plummets in value, it won't be very "convenient," will it.

Gold and silver are not very convenient as everyday money, but as a store of value, they cannot be beat – especially in these times.

Nowadays, cryptocurrencies are still a bit inconvenient, but the reason is that they are still a relatively new form of currency. As bitcoin adoption increases, it will become increasingly user-friendly and a very convenient method of payment / exchange.