I am very much in favor of this!
Regards,
Posted on 10/23/2025 6:54:23 PM PDT by RandFan
@Crypto_Tengen
Peter Schiff reveals he will be launching a tokenized gold product
"You'll be able to buy gold on an app through your phone, the gold will be stored in a vault and then you will be able to effortlessly transfer ownership of gold to people you know or redeem it for physical gold"
(Excerpt) Read more at x.com ...
Dear FRiends,
We need your continuing support to keep FR funded. Your donations are our sole source of funding. No sugar daddies, no advertisers, no paid memberships, no commercial sales, no gimmicks, no tax subsidies. No spam, no pop-ups, no ad trackers.
If you enjoy using FR and agree it's a worthwhile endeavor, please consider making a contribution today:
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you,
Jim
Whatever....if you cannot put your hands on it at home, you are nothing but a claimant.
Sounds good... But to me this has a FDR 1933 confiscation, or a Sam Bankman-Fried sharpshooter “I don’t know where it went” vibe about it.
Apt.
---- "But to me this has a FDR 1933 confiscation, or a Sam Bankman-Fried sharpshooter “I don’t know where it went” vibe about it."
Hugely apt.
Peter will make sure that gold is safely elsewhere. Probably Perth Mint in Australia as they have the set-up...
Schiff using blockchain? Clearly, this is evidence that the end of the world is nigh.
Not in your hands…not your gold.
Yeah irony
Or he just want to sell digitalized gold for real cash.
No possible problems there!
Maybe he’s a good guy, I don’t know. But the plundering plutocrats, and the velocity of changes have me more cautious about “new” concepts.
“You’ll be able to buy gold on an app through your phone, the gold will be stored in a vault and then you will be able to effortlessly transfer ownership of gold to people you know or redeem it for physical gold”
how is this different from all the other gazillion schemes that claim to hold “your” gold for you?
the gold will be stored in a vault
“FBI Seized $86 Million From People Not Suspected of Any Crime. A Federal Court Will Decide if That’s Legal.
Following a raid in March 2021, federal agents spent days rifling through the personal belongings stored in nearly 1,400 safe deposit boxes seized from a vault in Beverly Hills, California.
The agents were tasked with cataloging the contents of the boxes, but they also seized piles of valuables—gold coins, luxury watches, family heirlooms, and stacks of cash—from people who had not been charged with any crimes.
And they did that despite being told, by the warrant authorizing the raid, that the contents of the safe deposit boxes were off-limits.....”
I am very much in favor of this!
Regards,
LOL - scrolling down quickly I at first misread it as exactly that.
“effortlessly ... redeem it for physical gold”
but a very high shipping fee and a minimum redemption amount no doubt.
A friend has dredged the Klamath for decades (no longer allowed to) and sells me some gold when he needs cash. The transfer is via USPS and does cost a bit, primarily to make sure it makes it to me. I believe the term is insurance.
It then stays in my gun safe. Usually one ounce increments.
I’ve noticed that people who think Gold is fantastic are always selling it.
That's pretty much what I was going to type.
If it is not in your possession, it's not really yours.
“the gold will be stored in a vault”.
Uh huh.
Sounds too much like, ‘Trust me, fool’.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.