Saving in gold and bitcoin does help, especially in the long run but most, if not all, of the money saved in those forms of hard money is being earned in fiat, so everyday spending money becomes worth less and less, lowering purchasing power and standard of living even for us enlightened few able to save the value they've created.
I'm not trying to be a contrarian, my question is whether anyone knows of a feasible way to escape that hell and not starve to death while sitting on gold coins that, once spent, become less and less replacable because of monthly pay cuts.
Replies (2)
It's helped me, but it doesnt change the fact that my salary still sucks. It's only greatly helpful to the extent that I was able to stack sats early. Otherwise it would take much longer to square the difference. But that's just a transitionary time problem. It would be solved once we are on a sound money system again. I'm still grateful, but it doesnt solve all problems yet.
I’m not great with theoretical questions, but basically, you need to live below your means and save more than those around you.
When you need cash, borrow against your hard assets if you can or use a systematic withdrawal plan—selling small, regular amounts while preserving their nominal value.
