Truth is that if the hyper inflation you are warning about occurs, people won’t be running to precious metals , nor will your stack of silver feed you. You’d have been better off buying some bullets and freezing that 15 loaves of bread.
The US dollar is the worlds reserve currency. If it collapses, things are going to be extremely bad. It won’t be isolated to the US , it’d be globally catastrophic.
If the world appears to be crumbling , trade systems have broken down, the supermarket hasn’t received a shipment in the past month and you’re hungry with everybody else , it won’t matter what you have, it’ll matter what you can take and keep.
Yes, there is always Bartering....
There's a good Movie about it, where a Boy runs all around town wanting to know what people NEED or WANT, in trade for specific Items, so that in the end, he gets an Item he wants to give to some girl......
You could do exactly that.... Go, and run from person to person, on a daily basis, making a list of People who needs or want specific things, and as you go through this list, and get specific Items, and trade them for other Items, you will soon come to the realization that YOU have taken the place of MONEY or currency....
You're being naive and insulting for no reason. Precious Metals are indeed real money, always have been- but they have a couple serious drawbacks that can't be inherently fixed: Not easily divisible, and not easily transportable(which is a HUGE PROBLEM for modern world where we want to send money across the globe in seconds, not weeks)
Crypto has the ability to side step these issues. Just like fiat paper money was once paired with precious metals (you could turn your paper dollar in for silver at the bank) The day is coming soon when crypto is paired with metals. xrp_moon_shot is giving good advice, these cryptos are compliant with world wide governments and banks to be used as money and are a great investment right now. Own both, precious metals and XRP/XLM/XDC.
In 1980 the price of an oz of silver was about $49 , today it sits at around $25.
In 1980 $1 is worth about $4 equivalent now.
In 1980 if you spent all your money on silver - it wouldn’t have “frozen” your money in time , you would have suffered twice as much from inflation.
The reason is because as you astutely put it - you need to trade that silver back into the $ to buy the bread.
You not only get HALF the $ you paid for the silver. The $ itself has ALSO lost its buying power.
In that bread scenario here is how that plays out.
In 1980 a loaf of bread was $1. You bought silver at $50 for an oz.
Now, you sell that oz of silver today and get $25.
Bread costs $4. You can buy 6 loaves. In 1980 you could have had 50. OR if you just kept the $50 in 1980 and bought nothing, you could still buy 12.5 loaves today.
Better off freezing the fucking bread than “freezing your money with PM”
PMs are a hedge against inflation typically , sure , but the opportunity cost of -not- considering other asset classes with proven yields is huge.
why are you so angry? I was buying hundreds of Oz's of silver at 14$, so I made quite a bit of money as it has since doubled in price. Also we are agreeing with you that precious metals are good investment so you're not actually teaching us anything, its YOU who refuse to learn about crypto.
Stop acting like a smug big brain when you're clearly 5 miles behind us on this subject. You honestly belong on reddit with that attitude
Blockchain is symbolic for what crypto is…a “block” has a very specific meaning within crypto , and they’re linked … with each connected but seperate from the previous… like links in a chain…
You are a spastic and people call you stupid because you are.
You used 1000 words to tell people precious metals are a hedge against inflation as though it’s a revolutionary thought.
You’re clearly all in on PM without even understanding the basic mechanisms within the trade. The market is manipulated via an artificial inflation of supply. No one major ever takes delivery of silver and instead paper silver is traded in magnitudes far greater than what exists.
This is has been going on for ages. It’s well known an pretty much accepted.
That’s where crypto comes in to actually benefit the PM game.
DeFi and NFTs are a way to fuck up that game.
You’ve decided you hate crypto but love precious metals, without recognising that they’re not really competing asset classes , rather they’re complementary and having both in your portfolio is a decent idea.
Just to be clear - when I say you’re all in, I mean that metaphorically, I don’t think you own any precious metals , or have any substantial wealth because you are a child.
Truth is that if the hyper inflation you are warning about occurs, people won’t be running to precious metals , nor will your stack of silver feed you. You’d have been better off buying some bullets and freezing that 15 loaves of bread.
The US dollar is the worlds reserve currency. If it collapses, things are going to be extremely bad. It won’t be isolated to the US , it’d be globally catastrophic.
If the world appears to be crumbling , trade systems have broken down, the supermarket hasn’t received a shipment in the past month and you’re hungry with everybody else , it won’t matter what you have, it’ll matter what you can take and keep.
.22 rim fire huntin raccoons to grill up.
I have no idea what point this manic rant is trying to make.
But why do you hang out in a Q forum if you dont believe in Q?
He's a glowie who got carried away.
Money is a middleman.
Yes, it always has been.... Because you cannot carry around three Bushels of Corn, and trade 1 Bushel for three Steaks fresh cut from a Live Beef....
Yep, that old coincidence of needs thingy.
I wonder if there's a different solution to that problem than currency at a price of control.
Is there a free solution?
Yes, there is always Bartering.... There's a good Movie about it, where a Boy runs all around town wanting to know what people NEED or WANT, in trade for specific Items, so that in the end, he gets an Item he wants to give to some girl......
You could do exactly that.... Go, and run from person to person, on a daily basis, making a list of People who needs or want specific things, and as you go through this list, and get specific Items, and trade them for other Items, you will soon come to the realization that YOU have taken the place of MONEY or currency....
But yeah, that's always an option....
You're being naive and insulting for no reason. Precious Metals are indeed real money, always have been- but they have a couple serious drawbacks that can't be inherently fixed: Not easily divisible, and not easily transportable(which is a HUGE PROBLEM for modern world where we want to send money across the globe in seconds, not weeks)
Crypto has the ability to side step these issues. Just like fiat paper money was once paired with precious metals (you could turn your paper dollar in for silver at the bank) The day is coming soon when crypto is paired with metals. xrp_moon_shot is giving good advice, these cryptos are compliant with world wide governments and banks to be used as money and are a great investment right now. Own both, precious metals and XRP/XLM/XDC.
Just wait for the Hinman deposition on the 27th XRP. Only so long the SEC can drag this bullshit out.
Hey Endgame, how much money have you made from precious metals ? Be honest here.
In 1980 the price of an oz of silver was about $49 , today it sits at around $25.
In 1980 $1 is worth about $4 equivalent now.
In 1980 if you spent all your money on silver - it wouldn’t have “frozen” your money in time , you would have suffered twice as much from inflation.
The reason is because as you astutely put it - you need to trade that silver back into the $ to buy the bread.
You not only get HALF the $ you paid for the silver. The $ itself has ALSO lost its buying power.
In that bread scenario here is how that plays out.
In 1980 a loaf of bread was $1. You bought silver at $50 for an oz.
Now, you sell that oz of silver today and get $25. Bread costs $4. You can buy 6 loaves. In 1980 you could have had 50. OR if you just kept the $50 in 1980 and bought nothing, you could still buy 12.5 loaves today. Better off freezing the fucking bread than “freezing your money with PM”
PMs are a hedge against inflation typically , sure , but the opportunity cost of -not- considering other asset classes with proven yields is huge.
You are an absolute Mong.
why are you so angry? I was buying hundreds of Oz's of silver at 14$, so I made quite a bit of money as it has since doubled in price. Also we are agreeing with you that precious metals are good investment so you're not actually teaching us anything, its YOU who refuse to learn about crypto.
Stop acting like a smug big brain when you're clearly 5 miles behind us on this subject. You honestly belong on reddit with that attitude
You know what shills here have in common?
They’re all viciously pro-Crypto, and try to destroy you the minute you speak out against it.
You’re taking the symbolism thing way too far.
Blockchain is symbolic for what crypto is…a “block” has a very specific meaning within crypto , and they’re linked … with each connected but seperate from the previous… like links in a chain…
You are a spastic and people call you stupid because you are.
You used 1000 words to tell people precious metals are a hedge against inflation as though it’s a revolutionary thought.
I’m fairly certain you are a kid, adults don’t say things like “when I’m right I’ll rub it in your face LOL”
The concept of inflation isn’t new to them as they’ve experienced the slow erosion it causes.
They don’t explain the difference between a bid/sell price with stupid stories about cars.
They don’t make childish connections like blockCHAIN like the slaves !
They understand that in a volatile world , a diverse portfolio is the best hedge against the volatility.
They also understand that at the end of it all if shit hits the fan , they need to be able to eat.
You are childish , and there is a reason you preempt people calling you stupid.
Actually, Yes they do say and act like Children.... Yes they do say these same stupid things....
But hey, They Thank You DEEPLY, for defending them, and they know that you still claim to be an enemy, but see where you stand in defense of them....
We too see your true colors... and they ain't what you think they are....
Sure
You’re clearly all in on PM without even understanding the basic mechanisms within the trade. The market is manipulated via an artificial inflation of supply. No one major ever takes delivery of silver and instead paper silver is traded in magnitudes far greater than what exists.
This is has been going on for ages. It’s well known an pretty much accepted.
That’s where crypto comes in to actually benefit the PM game.
DeFi and NFTs are a way to fuck up that game.
You’ve decided you hate crypto but love precious metals, without recognising that they’re not really competing asset classes , rather they’re complementary and having both in your portfolio is a decent idea.
Just to be clear - when I say you’re all in, I mean that metaphorically, I don’t think you own any precious metals , or have any substantial wealth because you are a child.