I went to an investors conference last week and wore different bitcoin shirts the first three or four days. Peter Schiff was there along with Brent Johnson, George Gammon, and Mike Maloney.

There were less than 70 people there so I was definitely the elephant in the room. Schiff couldn't help trashing Bitcoin every time he had the mic, but I kept wearing the shirts. I had lunch with him wearing a bitcoin jersey, but he didn't say anything.

No doubt there were some bright people at the conference, including Schiff. His understanding of economics is aligned with my own, excluding bitcoin. He's beginning to consider creating a "gold backed crypto" possibly with Tether. This would be a smart move for tether, but it'll never work in the longrun. He also said his end goal is to see vendors accepting physical gold. I guess the last 5000 years of market adoption wasn't long enough...

I was respectful to everyone and handed out orange pills upon request, but otherwise just did my own thing. I enjoy hearing different opinions and challenging my own to see if I'm missing anything.

I'm glad I went, but the energy was low. Attendance was down and the gold bug vision of the future is a dark one. That's the dividing line between holding gold and holding bitcoin.

Buying gold is insurance against civilization. Buying Bitcoin is a bet on humanity, the energy grid, and the internet.

I have around 1% in physical gold. Less in silver, but enough to buy groceries in an extended power outage + guns to keep my silver. Mike is currently working on a farm, which will probably be my next large investment, beyond networking with local food producers.