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A comment on E*Trade Is Close to Launching Cryptocurrency Trading. Parent comment

Re:E*Trade Is Close to Launching Cryptocurrency Trading by mrb on Saturday April 27, 2019 @04:42AM (#19764562)
"if the situation becomes so bad that government-issued money is worthless"

For a real-world example of this, look at Venezuela now. Its inflation was recently estimated at 1,300,000%.

And what do people want? Yes you guessed right: food, groceries, medicine. They are selling gold to afford these necessities. https://www.miamiherald.com/news/nation-world/world/americas...

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Re:E*Trade Is Close to Launching Cryptocurrency Trading by jerguismi on Saturday April 27, 2019 @04:48AM (#19764578)
> They are selling gold to afford these necessities.

They are probably using anything that there is available as a currency replacement. I would bet that mostly physical USD, but also gold, bitcoin, cigarettes etc. I don't think gold is the main replacement when national currency starts hyperinflating, just a tool among others.

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