Posted on 01/22/2022 10:27:57 AM PST by aMorePerfectUnion
If YOU would like to be on a Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
If YOU would like to be on a CRYPTO PING LIST, please pm me.
The Crypto Ping List covers the following:
Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.
Thanks! For it - or ag'in it, it'll be a wild ride.
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Gold is at least as old as the Earth itself. The latest theory is that it and the other heavy elements were the result of neutron stars colliding.
Gold has intrinsic value. If the power goes out, bitcoin is kinda useless.
BTCers don’t like BTC now plummeting thru floor, only to hit a lower floor. So, try to put out the idea that at some point it will hit $400,000.
Get out while you can still do so. It’s freefall is imminent.
BTC is the creation of the Deep State Cabal, whose takedown is in-progress. Along with the fiat currencies they rode in on.
Oh, there are MANY good people who own BTC. That suits the Cabal just fine, as they hide in the shadows.
FIAT will crash too. NESARA/GESARA is waiting in the wings.
Not all crypto is doomed - a crypto that adheres to ISO 20022 will survive - meaning a crypto that has precious metals backing.
YMMV. Good Luck!
I claim to have virtually NO understanding of “crypto
currency”.
And that sentence above illustrates the limits of this “thing” as an investment vehicle.
Because you have at least 2 GENERATIONS of older investors (you know, the generations that actually have most of the $$$ to invest) who have no understanding of this “crypto” concept.
And the #1 rule of investing is: ONLY INVEST IN WHAT YOU UNDERSTAND AND HAVE EXPERIENCE WITH.
Obviously, with the passage of time, this will change, but right now - unlike more traditional investment vehicles - crypto has a “generationally-limited” appeal.
(Don’t try to explain it to me. 110% not interested. Life’s too short and I have lots of better things to do at this stage of the game. ;>)
Gold may have a market cap of $11 Trillion, but you’d be hard pressed to gather up all the gold bullion in the world, put it in one pile, and expect to have even half as much gold in Troy Ounces that would equal $11 Trillion at today’s valuation.
There is about as much paper gold floating around as physical gold.
If it reaches a market cap of 11 trillion, those owning the 11 trillion dollars of ounces of gold will still own those ounces, Bitcoin owners will own a number.
A number that might hold its value in the minds of its owners, or a number whose value could lose all its value in the minds of its owners.
Gold even helps determine the value of those dollars that can be printed in excess and lose their value also.
Gold will still be beautiful to look at, or at least have physical uses.
Thanks for that information.
I was listening to Warren Buffet and he said, (Words to the effect.) “Own a stock and you own a piece of something that produces an income. Own gold or Bitcoin and you own something you hope someone else will buy from you at a higher price. (Often called the “principle of the bigger fool.”) If you go back to the time of Christ and move forward, you’ll see that gold has simply kept pace with inflation. Put a dollar in and later, after inflation you’ll get the same purchasing power back.” I actually don’t think that’s true of bitcoin. I think it’s being held up by hope. It’s the modern equivalent of tulip bulbs.
The fed needs to convert US debt into something, printing more dollars will only create more inflation. Converting US debt into FEDCOIN and making other electronic money illegal fits the bill! (Pun intended)
Has side benefits of tracking and taxing every transaction.
Paper money will still exist but will be like travelers checks, one use only.
Illegal drug trade and other cash operations will be more difficult barter transactions.
The fed needs to convert US debt into something, printing more dollars will only create more inflation. Converting US debt into FEDCOIN and making other electronic money illegal fits the bill! (Pun intended)
Has side benefits of tracking and taxing every transaction.
Paper money will still exist but will be like travelers checks, one use only.
Illegal drug trade and other cash operations will be more difficult barter transactions.
Funny this is posted today.
It seems that there are NO inflation hedges right now. Silver did ok this week—but all around cash seems to be doing OK. At a lost of 8% a year (give or take.)
If you buy either gold or bitcoin, you are buying it from someone else. They are giving you this commodity... and all they want in return is your "fiat money."
There is an expression in poker - When you sit down, look around the table, and see if you can spot the sucker. If you can't, the sucker is you.
It's worse for Silver.
No matter, all the more reason to stack.
Be aware of Basel III's new regulations. Be aware of Tier 1 vs Tier 3 metals. Be aware of COMEX rule 589.
Again, YMMV.
“Converting US debt into FEDCOIN”
And so how will creating 30 trillion of new currency not be inflationary?
Exactly why fiat must tumble, the end of fractional reserve bankstering, and 'taxation' as we know it and have always known it.
NESARA was put in place for all these reasons and more.
I don’t have the disposable income to put in things like bitcoin. And of course, like everyone else, I would have loved to buy a few thousand 10 years ago. Now that the big investment houses are buying it’s over. Something just doesn’t make sense for a investment firm to buy it if they can’t manipulate the price to increase it’s perceived value. Pump and dump even. I don’t know. I’ll stick to what I know.
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