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Simple 2-of-3 multisig hidden across different geographic locations I check regularly.
Each backup contains a paper copy of the seed, the HWW device (ColdCard Mk4), and the xPub quorum for all 3 keys. Backups are stored in waterproof, tamperproof bags and further enclosed in a plain manilla envelope.
It's tempting to do elaborate backup schemes the same way Voldemort hides his horcruxes, but simple is always best.
Yep I was honoured to get a spanking. I was like “who’s this guy”?! 😂
The concept of trade returning to silver/gold in a lights out scenario is rational, but unrealistic.
I think the order or priorities would be:
- Canned food, dry food
- Ammo
- Access to hunting / fishing areas
- Solar / Fuel sources
- Arable Land
- Cash / Gold / Silver
By the time local economies have sprung up enough for trade to resume, yes Gold / Silver may make a big come back but that wouldn't happen until 6+ months in a total lights out scenario.
There are many other things that will become practically more important, like having the ability to fix / repair things. Knowing how to skin an animal, having reliable fuel sources, etc....
I'm not anti-gold and believe it may be logical to have a few thousand dollars worth as an emergency backup. However until you secured the first things on that list I wouldn't even bother...
Whatever. I don't care. It's am awesome wallet and works just fine for me. Not like I'm putting my family' saving on it.