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 ...
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If gold isn’t in your hand you don’t have any.
Think about it.
Does the bank actually have the cash to back up everyone’s checking/savings accounts? Not even close.
Does the FDIC have enough greenbacks to cover everyone’s losses during a bank run? Not even close.
All you see is your balance on your phone or computer.
Same with digital assets anywhere.
I’d rather sell carbon credits.
That’s funny,.
đđ
Exactly!
There is an element of trust with the traditional “system”. Once that goes (happens every now and then) the deck of cards falls down or the dominos collapse whatever you want to say
Read his post GG... And note, we’re overdue one of these “events” ...
Isn’t this the same scheme as Liberty Dollars tried with silver? It was working pretty well, iirc until the federal reserve dropped on the dude because they didn’t like competition from a domestic PM backed currency.
That’s a good point
Peter is well versed in all this if someone can pull it off it’s him but yes, the feds might take notice if they see it as a threat.
He will make sure it’s all done by the book
I’m certain of that
But the compliance costs will have to be passed on in the form of fees/commissions to do something like this.
Will it be worth it or just a novelty? I don’t know. It depends. However, he sounds like he’s going to try.
I wish him luck with it.
Exactly - If you can’t hold it in your hand, you don’t own it. And - you know that retrieval / sale / transfer will be via internet. What happens if there is an EMP, or a major disaster that takes out the electrical grid and / or the internet? The very scenario where you most need gold.
Peanuts!
signed, Martin Armstrong
Just no. Buying paper or app gold is not real. Physical gold is the only way to go.
“And they did that despite being told, by the warrant authorizing the raid, that the contents of the safe deposit boxes were off-limits.....â
2]
Hidden rare coins cache
In 2014, a day laborer sold a box of 58 rare coins to a Philadelphia thrift shop for $6,000, which he said he had found while clearing out the basement of a house in New Jersey. In 2017, when the thrift shop announced they were to auction the coins and they actually valued at $2.5 million, Armstrong came forward to declare himself the rightful owner. He claimed that he had hidden the coins in his mother’s old house to take them “off the books” in anticipation of the public offering of his firm. The thrift shop sued Armstrong, asking the court to declare the thrift shop as rightful owners while Armstrong counter-sued, also seeking ownership. In 2019, the U.S. government learned about the coins and claimed them as part of the treasure hoard Armstrong had refused to hand over in 1999, and for which he had served seven years in jail for contempt. In addition to rare coins, the treasure hoard, valued at $12.9 million, included 102 gold bars, 699 gold coins, and an ancient bust of Julius Caesar.[20][21] Armstrong was deposed. According to Receiver Alan M. Cohen, Armstrong admitted hiding the coins. Armstrong’s attorneys said in a court filing that Armstrong did not make this admission. The auction house now possesses the coins and the U.S. government filed suit to take possession.[20][21]
Wiki
“and the bank in California which a few years back the FBI seized all the safety deposit boxes and confiscated all the Gold ( and cash), “
It wasn’t a bank. Socrates fails again.
Except of course it always stay in his vault. If it even exists. So really all it’s backed by is Schiff saying “yeah, there’s gold there, promise.”
I think you can trust him
Just for you TxGator. An invite!
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“The World According to Martin Armstrong is also available on Amazon for those interested in reviewing the major predictions on the Economic Confidence Model and the full story behind 20 predictions that came to fruition:”
He failed to predict his three bankrupsies.
He failed to predict his losing $700 million of his clientsâfunds.
He failed to predict he would spend eleven years in the federal pen.
In 2014 he predicted gold would soar to $5,000 in 2015.
In 2014 he predicted that there would be a world financial collapse would occur in 2015.
In 2018, warned to get out of BitCoin at $5 and gold at $1,500.
July 2024 he predicted US cIvil unrest/WAR to happen just before the 2024 elections.
November 2024 he predicted a US civil war would happen the week of Trumpâs inauguration with the US breaking up into four new countries in 2026.
December 2024 he said via Socrates that the 2024 elections would be the last in the US.
January 2025 he predicted US civil unrest on May 7.
June, 2025: The EU is DONE â Ukraine Will Be Wiped off Map March 15, 2025:
Got suckered by fake story https://freerepublic.com/focus/news/4304515/posts?page=40#40
July 2025:Armstrong/Delta7 predicts NUCLEAR war https://freerepublic.com/focus/chat/4328805/posts?page=69#69 B
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Give me a free ticket and I will post videos for you.
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