The point is, if YOU own the gold and silver, YOU have the assets.
Do you know about the Bail Ins? After 2008, laws were changed everywhere. Big Banks etc, won't be 'bailed out' if and when they collapse. Instead, they have to use all their assets to pay off their liabilities. All ... their .... assets.
The digital numbers in a bank are not YOURS. They belong to the Bank. It's their asset. Even now, laws are being passed restricting people from withdrawing funds. Or even depositing cash. As your banks. Try to withdraw 5000 in cash, or 10,000 in cash. See what happens. (Anecdotally, from friends, I've heard things!)
Banks are only required to keep 10% of actual assets in order to issue 100% debt. So, You might 'have' $20,000 in the bank, and Joe also 20k, , and Mary, and Bob, and Sally, but the Bank is only actually required to have $10,000 in actual cash or accessible funds, at any given time, not $100,000.
Silver, gold and precious metals are short-term insurance against inflation (one's fiat dollars are decreasing in value every single year, always) and long-term insurance against fiat collapse.
That's my view, anyway. Insurance. Because you actually own and hold the assets. YOU are the bank.
I mean, do you really trust banks? Who do you think will get screwed over first when the shit hits the fan, financially?
Mad-max, post meltdown scenario might be possible, but it's certainly not the only reason to have actual pm. I'm far more interested in protection against fiat currency devaluation (always happening).
Idk but I trust Q would not put us in a chaotic state such as that.
After 2008, laws were changed everywhere. Big Banks etc, won't be 'bailed out' if and when they collapse. Instead, they have to use all their assets to pay off their liabilities. All ... their .... assets.
Maybe not.
The Great Depression happened, you know.
The point is, if YOU own the gold and silver, YOU have the assets.
Do you know about the Bail Ins? After 2008, laws were changed everywhere. Big Banks etc, won't be 'bailed out' if and when they collapse. Instead, they have to use all their assets to pay off their liabilities. All ... their .... assets.
The digital numbers in a bank are not YOURS. They belong to the Bank. It's their asset. Even now, laws are being passed restricting people from withdrawing funds. Or even depositing cash. As your banks. Try to withdraw 5000 in cash, or 10,000 in cash. See what happens. (Anecdotally, from friends, I've heard things!)
Banks are only required to keep 10% of actual assets in order to issue 100% debt. So, You might 'have' $20,000 in the bank, and Joe also 20k, , and Mary, and Bob, and Sally, but the Bank is only actually required to have $10,000 in actual cash or accessible funds, at any given time, not $100,000.
Silver, gold and precious metals are short-term insurance against inflation (one's fiat dollars are decreasing in value every single year, always) and long-term insurance against fiat collapse.
That's my view, anyway. Insurance. Because you actually own and hold the assets. YOU are the bank.
I mean, do you really trust banks? Who do you think will get screwed over first when the shit hits the fan, financially?
Mad-max, post meltdown scenario might be possible, but it's certainly not the only reason to have actual pm. I'm far more interested in protection against fiat currency devaluation (always happening).
Idk but I trust Q would not put us in a chaotic state such as that.
https://old.reddit.com/r/Superstonk/comments/xcdt4i/sec_greenlights_35_trillion_pension_pot_for/
They are going to hold pensions as hostage to force a bailout. Is their plan. Whether it works or not, who knows.