The largest silver hoards are JPMorgan's silver depository for COMEX (50% of world's supply of silver bullion) and ETF iShares SLV stockpile (BlackRock). Central banks hoard 1/5 of the mined silver each year. I agree that fiat should not be used, but if the silver market is cornered and controlled to the degree that it is currently, how is that going to be a fair solution?
Decentralized cryptocurrency is a solution to this since there can be a finite supply, unlike precious metals whose mining market can be cornered. It eliminates the need for a bank. Transactions can be made instantly to anyone who has an internet connection. The blockchain can not be hacked and so your money is totally safe, apart from user error, if you take it off an exchange and keep it in cold storage.
At this point in history, the lights and internet don't go out for an extended amount of time often and crypto is always going to survive as long as the internet exists somewhere on planet earth. Now, if you're truly afraid of a global SHTF scenario, what the hell is any currency, gold, silver, cash, or crypto going to do for you?
But cold hard cash relies on make believe numbers in fairy tale land. That's what the FED does with inflation. They take value out of your cash every time they print more.
Unless you avoid online banking and use cash for everything, electronic fiat funds are tracked by banks and credit card companies. Monero (a cryptocurrency) allows complete anonymity while making purchases online.
The largest silver hoards are JPMorgan's silver depository for COMEX (50% of world's supply of silver bullion) and ETF iShares SLV stockpile (BlackRock). Central banks hoard 1/5 of the mined silver each year. I agree that fiat should not be used, but if the silver market is cornered and controlled to the degree that it is currently, how is that going to be a fair solution?
Decentralized cryptocurrency is a solution to this since there can be a finite supply, unlike precious metals whose mining market can be cornered. It eliminates the need for a bank. Transactions can be made instantly to anyone who has an internet connection. The blockchain can not be hacked and so your money is totally safe, apart from user error, if you take it off an exchange and keep it in cold storage.
At this point in history, the lights and internet don't go out for an extended amount of time often and crypto is always going to survive as long as the internet exists somewhere on planet earth. Now, if you're truly afraid of a global SHTF scenario, what the hell is any currency, gold, silver, cash, or crypto going to do for you?
I highly recommend this video. Lots of great info on the basics of decentralized cryptocurrency: https://www.bitchute.com/video/jUQ8XJzsmLf7/
Sorry but i want cold hard cash in my hand.not some make believe numbers in fairy tale land.
I want complete privacy.
But cold hard cash relies on make believe numbers in fairy tale land. That's what the FED does with inflation. They take value out of your cash every time they print more.
Unless you avoid online banking and use cash for everything, electronic fiat funds are tracked by banks and credit card companies. Monero (a cryptocurrency) allows complete anonymity while making purchases online.
Well you just explained the perfect reason to buy gold and silver.
Good job.have fun with your unicorn money