I truly hope you are right. I can't shake the sense that crypto is not as infallible as it seems. But are there enough precious metals for that to work? Everyone I talk to has their heart set on crypto, and they say "tHeRe iSn'T eNoUgH gOLd."
I'm certainly not an expert, what are your thoughts?
Inflate the price of precious metals and yes. The price of precious metals have been manipulated for years. Market manipulators dump silver in to the market every time the price starts to rise. The price comes down and they buy it up at a cheap price and dump it back in to the market after the price goes up. I have read that the price of gold could go as high as $20,000 per ounce if market manipulation stopped. Silver could get to $250 per ounce. If you eliminated the inflation that creeped in over the last 50 years the amount of currency needed to run the country would be greatly reduced. Take prices back to 1960 levels for consumer products. Gallon of gas 25 cents, dozen eggs 10 cents....you get the idea. Put us back on a gold standard.
Yea, from everything I know and have read, I'm for going to the gold standard. But I'm not overly knowledgeable. The way I see it, you're right, it would take prices back to 1960's levels. But even more importantly:
(((They))) won't be able to decide on a whim what the dollar is worth once we escape this vile fiat situation
There is 15 times more silver than gold in the earths crust. Silver is a useful metal in all sorts of applications while gold isnt. If gold were 20k an ounce I would hope that silver would be at least 1/15th of that if things were not manipulated.
ISO20022 coins will be backed by metals. XRP/Gold, XLM/Silver, XDC/Copper, IOTA/Iridium, Algo/Palladium, Flare(Spark)/Platinum. But do your own research. I'm doing as much research as I can and guessing about the rest. If you don't want to risk it, buy stock in a company that might go to the moon like Kodak.
BTC and ETH will die along with over 99% of Chinese crypto coins. What will be left will be backed by precious metals.
I truly hope you are right. I can't shake the sense that crypto is not as infallible as it seems. But are there enough precious metals for that to work? Everyone I talk to has their heart set on crypto, and they say "tHeRe iSn'T eNoUgH gOLd."
I'm certainly not an expert, what are your thoughts?
Inflate the price of precious metals and yes. The price of precious metals have been manipulated for years. Market manipulators dump silver in to the market every time the price starts to rise. The price comes down and they buy it up at a cheap price and dump it back in to the market after the price goes up. I have read that the price of gold could go as high as $20,000 per ounce if market manipulation stopped. Silver could get to $250 per ounce. If you eliminated the inflation that creeped in over the last 50 years the amount of currency needed to run the country would be greatly reduced. Take prices back to 1960 levels for consumer products. Gallon of gas 25 cents, dozen eggs 10 cents....you get the idea. Put us back on a gold standard.
Yea, from everything I know and have read, I'm for going to the gold standard. But I'm not overly knowledgeable. The way I see it, you're right, it would take prices back to 1960's levels. But even more importantly:
(((They))) won't be able to decide on a whim what the dollar is worth once we escape this vile fiat situation
There is 15 times more silver than gold in the earths crust. Silver is a useful metal in all sorts of applications while gold isnt. If gold were 20k an ounce I would hope that silver would be at least 1/15th of that if things were not manipulated.
ISO20022 coins will be backed by metals. XRP/Gold, XLM/Silver, XDC/Copper, IOTA/Iridium, Algo/Palladium, Flare(Spark)/Platinum. But do your own research. I'm doing as much research as I can and guessing about the rest. If you don't want to risk it, buy stock in a company that might go to the moon like Kodak.
Thank you, I had never heard that about the different cryptos getting their own metal. I will look into that