IRAs can easily be confiscated by the government.

There are not many gold-backed Cryptos I know of (and I wouldn't necessarily trust the entities "reporting" the gold supply either). Trust in a 3rd party keeping tabs is the problem with a gold backed crypto.

Now there are algorithmic stablecoins that are being pegged to the price of gold. I would look at MELD white paper, Indigo Synthetics, and DJED/SIGMAUSD protocols. In AgeUSD protocols, Reserves backs up the stablecoin value and you can have an Oracle reporting the price of gold in real time (but you still need to trust the Oracle(s) data).

The whole issue I have with gold and silver is that unless you have it in your hand, you have to trust a 3rd party entity to not fudge the numbers and this leads us back to the situation we have today.

If we want to make international payments/commerce seamlessly, crypto is the way to go. Gold/silver is for the individual in a local economy.

IRAs can easily be confiscated by the government.

There are not many gold-backed Cryptos I know of (and I wouldn't necessarily trust the entities "reporting" the gold supply either). Trust in a 3rd party keeping tabs is the problem with a gold backed crypto.

Now there are algorithmic stablecoins that are being pegged to the price of gold. I would look at MELD white paper, Indigo Synthetics, and DJED/SIGMAUSD protocols. Reserves backs up the stablecoin value and you can have an Oracle reporting the price of gold in real time (but you still need to trust the Oracle(s) data).

The whole issue I have with gold and silver is that unless you have it in your hand, you have to trust a 3rd party entity to not fudge the numbers and this leads us back to the situation we have today.

If we want to make international payments/commerce seamlessly, crypto is the way to go. Gold/silver is for the individual in a local economy.

IRAs can easily be confiscated by the government.

There are not many gold-backed Cryptos I know of (and I wouldn't necessarily trust the entities "reporting" the gold supply either). Trust in a 3rd party keeping tabs is the problem with a gold backed crypto.

Now there are algorithmic stablecoin that are being pegged to gold. I would look at MELD white paper & DJED/SIGMAUSD protocols. Reserves backs up the stablecoin value and you can have an Oracle reporting the price of gold in real time (but you still need to trust the Oracle(s) data).

The whole issue I have with gold and silver is that unless you have it in your hand, you have to trust a 3rd party entity to not fudge the numbers and this leads us back to the situation we have today.

If we want to make international payments/commerce seamlessly, crypto is the way to go. Gold/silver is for the individual in a local economy.