Q - Gold shall destroy FED
🧐 Research Wanted 🤔
For those of us still getting caught up on finances (like myself). Stock Market will soon be crushed (hopefully not but seems inevitable at this point), 401Ks obliterated, the Fed reserve system/notes wiped, printing money, etc.
If cash is meaningless, for those with some cash/bills at hand, what's the best way to procure gold in the event of the inevitable? How and where do we convert cash on hand to gold?
Bitcoin almost up %10
BTC is currency. Gold is money. It is extremely important to understand the difference.
At one point elephant dung was money.
No, it wasn't. It was currency. Money is Gold nothing else. Money needs to be stable. In order to be stable it needs to meet certain characteristics. Only Gold meets these characteristics. Everything else is less stable and essentially a Gold substitute. This will become obvious when the FED collapses and all unbacked fiat currencies collapse. Get physical Gold and Silver while you still can.
(1) It must be durable, which is why we don’t use wheat or corn or rice.
(2) It must be divisible, which is why we don’t use art work.
(3) It must be convenient, which is why we don’t use lead or copper.
(4) It must be consistent, which is why we don’t use real estate.
(5) It must possess value in itself, which is why we don’t use paper or internet math.
(6) It must be limited in the quantity that is available, which is why we don’t use aluminum or iron.
(7) It should have a long history of acceptance, which is why we don’t use molybdenum or rhodium.
I hope you’re right. I hope the Fed goes down in Ron Paul’s lifetime!
o7