Not saying precious metals are a bad idea, but who decides what they're worth in a scenario where higher society has broken down? Would barter be better, or a product for labor? Where do you keep it? How do you carry it? Would a local credit union be a good idea to hold large amounts of gold? It obviously would need to be protected 24/7 by armed men. How would they be compensated for their time?
No, I pay premiums above spot for gold and silver. It's worth it especially after seeing what happened in Canada and now Russia. Also pull your digital money into at least some paper. It's too easy for them to control you through their systems. Reject them. God made silver and gold, satan made debt based fiat currency. Crypto is no different. Remove all middle men.
Bitcoin is not fiat-based currency fren, you can still truly own BTC (Bitcoin) by moving it off the exchanges to wallet of which you and you yourself hold the private key.
If you covert bitcoin into a wallet they can't get it, but they can if you leave it in an exchange. My bitcoin is untouchable and I get use it anywhere in the world.and give it to anyone.
I would think the same of your gold, if you leave it with your broker or exchange it is vulnerable as any asset with your name on it.
Yes!!!! Precious metals backed currency is the only way to go. If you can't physically mine it, or physically buy it and hold it in your hands, you own absolutely nothing.
I agree and it's going to be either that or some other physical thing, not imaginary "crypto" . That crypto crap can be used to help facilitate some convenience, but I think many would want to have a hard asset when dealing with real transactions (like buying a house or something really important).
crypto is no more imaginary than the trust instilled by people on the value of Gold.
There is BTC (Bitcoin), and there is all other Crypto -- Bitcoin is the only decentralized crypto out there, at scale of adoption, a secure network and thousands of independent nodes keeping the network alive.
Gold and Bitcoin can go hand in hand, it's a store of wealth/value.
It's way harder to transact with Gold in comparison to Gold -- (e.g. try buying your house with Gold bars).
There are quite a few, a pede posted a link below.
But, the issue will always remain, how do you assay or verify the holdings? This is no different than having a bunch of gold stored in a centralized location with paper saying 'yeap, we have this amount of Gold in store'.
How bout a secure, gold backed crypto? Hmmm
I prefer gold and silver in hand without a middle man who could arbitrarily freeze my accounts for wrong-think. Take the precious metals pill.
Not saying precious metals are a bad idea, but who decides what they're worth in a scenario where higher society has broken down? Would barter be better, or a product for labor? Where do you keep it? How do you carry it? Would a local credit union be a good idea to hold large amounts of gold? It obviously would need to be protected 24/7 by armed men. How would they be compensated for their time?
Search Venezuela and see what small amount of silver will get you in a year.
Those questions have been answered repeatedly over the last 5,000 years.
Do you physically take possession of the gold at market rates?
No, I pay premiums above spot for gold and silver. It's worth it especially after seeing what happened in Canada and now Russia. Also pull your digital money into at least some paper. It's too easy for them to control you through their systems. Reject them. God made silver and gold, satan made debt based fiat currency. Crypto is no different. Remove all middle men.
Bitcoin is not fiat-based currency fren, you can still truly own BTC (Bitcoin) by moving it off the exchanges to wallet of which you and you yourself hold the private key.
There is Bitcoin, and everything else in Crypto.
If you covert bitcoin into a wallet they can't get it, but they can if you leave it in an exchange. My bitcoin is untouchable and I get use it anywhere in the world.and give it to anyone.
I would think the same of your gold, if you leave it with your broker or exchange it is vulnerable as any asset with your name on it.
Yes!!!! Precious metals backed currency is the only way to go. If you can't physically mine it, or physically buy it and hold it in your hands, you own absolutely nothing.
I agree and it's going to be either that or some other physical thing, not imaginary "crypto" . That crypto crap can be used to help facilitate some convenience, but I think many would want to have a hard asset when dealing with real transactions (like buying a house or something really important).
crypto is no more imaginary than the trust instilled by people on the value of Gold.
There is BTC (Bitcoin), and there is all other Crypto -- Bitcoin is the only decentralized crypto out there, at scale of adoption, a secure network and thousands of independent nodes keeping the network alive.
Gold and Bitcoin can go hand in hand, it's a store of wealth/value.
It's way harder to transact with Gold in comparison to Gold -- (e.g. try buying your house with Gold bars).
Gold exists and has uses. Crypto does not and is only as useful as you described.
Fuck crypto, biggest racket to ever exist. Good luck using it if shit does hit the fan and nobody has access to power, let alone Internet access.
There are quite a few, a pede posted a link below.
But, the issue will always remain, how do you assay or verify the holdings? This is no different than having a bunch of gold stored in a centralized location with paper saying 'yeap, we have this amount of Gold in store'.