He says he will provide you with a debit card too. It sounds quite good and at least it's money backed by something!
1 posted on
10/23/2025 6:54:23 PM PDT by
RandFan
To: RandFan
Whatever....if you cannot put your hands on it at home, you are nothing but a claimant.
2 posted on
10/23/2025 6:58:44 PM PDT by
DesertRhino
(When men on the chessboard, get up and tell you where to go…)
To: RandFan
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.
3 posted on
10/23/2025 7:01:37 PM PDT by
DesertRhino
(When men on the chessboard, get up and tell you where to go…)
To: RandFan
Schiff using blockchain? Clearly, this is evidence that the end of the world is nigh.
Not in your hands…not your gold.
To: RandFan
Or he just want to sell digitalized gold for real cash.
8 posted on
10/23/2025 7:23:20 PM PDT by
Jonty30
(Socialism's promises, like a Djinn's wishes to the greedy, lead to punishment when due. )
To: RandFan
No possible problems there!
To: RandFan
“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?
11 posted on
10/23/2025 7:32:56 PM PDT by
catnipman
((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
To: RandFan
the gold will be stored in a vault
Not saying it won’t be, but, many stories about “ the Gold is ( was) stored in a vault”. If you can’t hold it, you don’t own it. Just ask the Roosevelt era Gold owners who had their Gold stored in bank safety deposit boxes...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 took the owners three years and lawsuits to get it back.
12 posted on
10/23/2025 7:44:03 PM PDT by
delta7
To: RandFan
Peter Schiff wants to Tokenize Tolkienize GoldI am very much in favor of this!
Regards,
14 posted on
10/23/2025 8:01:17 PM PDT by
alexander_busek
(Extraordinary claims require extraordinary evidence.)
To: RandFan
I’ve noticed that people who think Gold is fantastic are always selling it.
18 posted on
10/23/2025 9:11:44 PM PDT by
SaxxonWoods
(Annnd....TRUMP IS RIGHT AGAIN.)
To: RandFan
If gold isn’t in your hand you don’t have any.
22 posted on
10/23/2025 10:57:13 PM PDT by
Georgia Girl 2
(The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
To: RandFan
I’d rather sell carbon credits.
24 posted on
10/24/2025 2:22:08 AM PDT by
brooklin
To: RandFan
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.
27 posted on
10/24/2025 3:53:13 AM PDT by
BudgieRamone
(Everybody loves a bonk on the head)
To: RandFan
Just no. Buying paper or app gold is not real. Physical gold is the only way to go.
32 posted on
10/24/2025 9:04:58 AM PDT by
packrat35
(“When discourse ends, violence begins.” – Charlie Kirk, and they killed him anyway)
To: RandFan
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.”
35 posted on
10/24/2025 12:04:41 PM PDT by
discostu
(like a dog being shown a card trick)
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