Posted on 07/27/2020 4:49:26 AM PDT by Enlightened1
Gold price is up $40 today. This is the dollar depreciating as the price of gold surges.
My blood pressure is up 20 points!
Haha!
This is probably a good time to git me some tulip bulbs too!
The money is all going to gold, silver and digital assets (aka crypto currencies) in 2021. The tokenization of the economy will begin and come into fruition over the next decade. Another name for it is the Internet of Things or the Internet of Value.
Fiat will still exist, but the digital assets will work with the fiats.
The FED betrayed us.
https://www.gainesvillecoins.com/
This is whom I deal with, good people if anyone is shopping for metals today.
Thanks for the charts!
We have been spending about 1 Trillion Dollars a month now with the Covid 19.
The U.S. debt is now 26 Trillion dollars.
Agree 100%
Thanks for the link.
Do you actually physically hold gold and/or silver?
You can’t hold a Bitcoin in your hand.
Digital assets aren’t really assets.....the government can shut down the internet and deny you access, or they can simply confiscate your assets. The banking /financial sector is the government’s secret police.
It was 10 trillion when G.W. Bush left office. This was a 250 year accumulation from Washington to Shrub.
Obama doubled it in just 8 years to 20 trillion.
Now Trump has added 6 trillion in less than 4 years.
We will soon be spending $30 for a McDonald’s hamburger.
I consider digital assets to be a notch below fiats. At least fiats are backed by a government, no matter how weak. Digitals are backed by pure faith - just like tulip bulbs. For a fiat currency to collapse, it would mean the country backing it was in very bad shape and the value of the currency would be the least of your problems if you live in that country. All it takes for a digital asset to collapse is for it to hit the “greater fool” peak, and down it comes.
I had an Uncle back in the early 80’s that would spend his off days at the landfill taking out motors and wiring. Every so often he would burn off all the insulation and then sort it.
He showed me all the boxes (perhaps 50 2’x2’x3’ of just copper alone) and he had all the weights and stuff written down. I thought he was nuts.
“Yeah - I’m waiting until copper hits xx dollars a pound and then I’ll get rid of it.” He had other boxes as well of various metals.
I don’t recall how much he had, but as I did the math in my head I realized he wasn’t crazy at all! (I was really astounded when someone on the drill rig mentioned how much he probably made as the head driller on the 15,000- foot oil rig!)
He was also one to wander around the outcrops and rivers and pan for gold. He ended up finding a pretty good panning area and followed it up to the little vein. Again, I can’t recall how much he got, but there were some nice sized nuggets that he came up with out of the vein. Not just flakes in his pan.
He was an interesting character.
Right but everything sits on the Digital Ledger.
You can hold the “keys”, and only you can access it. There are Exchanges that will hold it for you offline.
Yeah. Silver is almost $25 an ounce. I’m glad I got some years ago. I only have it for bartering if things go south. Wait a minute...
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