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posted 4 years ago by Glitchyy 4 years ago by Glitchyy +26 / -0
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– redtoe-skipper 1 point 4 years ago +1 / -0

Is it just me or is one of the major things that is grinding your gears is the fact that the US and the world are just printing money and putting us further and further into a debt whole with baseless currency that cannot be salvaged (gold backing is a fairy tale at this moment).

Read this sentence again. ..Say you have a debt, a mortgage, credit card, whatever in Federal Reserve Notes. If that currency is beyond salvage, what does that mean for the debt paper?

If you play your card rights, potentially you could be debt free against a fraction of the current apparent value. I am not advocating increasing your debt, rather, to view your current debt as something you can get rid of.

Say you were fortunate enough to have bought one bitcoin in 2015. You did not spent it, but simple kept it. You could now really put a dent in your debt by selling one bitcoin.

However, you could also exchange it for physical silver and gold. At some point, the premiums are going to kill the Comex chicanery, once the only solution is delivery.

If you happen to have a 401K, remember what Potus said: If they get into power, you'll see the stockmarket crash. So, moving it to a safe haven may be a good deal, especially now gold and silver are lower prices (1700 FRN / 26 FRN)

Should you have none of those, you might want to consider buying some physical with family and friends who also see the value of that. It saves you currency on delivery and you may get better deals.

FYI: https://uphold.com/en/transparency

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– deleted 1 point 4 years ago +1 / -0

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