Before I’ve even read this article, all I can say is this, if BRICS start using the Chinese yuan instead of the dollar through the swift system, the USA and indeed the west will be financially devastated in quite a short time
Interesting. You just stated that the US$, 'once backed by gold, now floats on “nothing but debt and paper,”' and here is an 'investment' measured in the debt / fiat paper of US$, only this time it is attached to illusive intangible pixel dots on a screen called BitCoin.
If a BitCoin is made of silver, gold, platinum, I'm in.
Stock up on nickels! They are real money, worth well over five cents in metal value, hedge against (hyper) inflation. Worth face value to hedge against deflation (cascading debt defaults).
Not sure why anyone would put their faith in a digital currency to save their wealth in case of a financial collapse or the demise of the US Dollar. The internet is not reliable! How many times have we seen it go down in various locations affecting many corporations and small businesses? Many times! I put no faith in the internet, the power grid or digital currency.
Sigh....how many times are they going to regurgitate the same story?!
If gold is the savior why did Spain default 11 times during the 16th and 17th century while holding one of the biggest gold/silver reserves?
The same goes for crypto, it is not because it is limited, like gold/silver, it is going to safe the financial system. Furthermore, the value of gold and silver, like every asset, is cyclical. It raises and declines through time. It is not a magical metal maintains its value perpetually.
The issue, as stated by others, is the endless debts of governments. And therefor gold/silver is a hedge against governments, nothing else. Or for making jewels.
None of the governments can balance a budget. Only a very moral govt could. And we have none on earth as of yet
Before I’ve even read this article, all I can say is this, if BRICS start using the Chinese yuan instead of the dollar through the swift system, the USA and indeed the west will be financially devastated in quite a short time
"$200 million invested."
Interesting. You just stated that the US$, 'once backed by gold, now floats on “nothing but debt and paper,”' and here is an 'investment' measured in the debt / fiat paper of US$, only this time it is attached to illusive intangible pixel dots on a screen called BitCoin.
If a BitCoin is made of silver, gold, platinum, I'm in.
Otherwise, it has the look and feel of thin air.
Thin air they can disappear in a microsecond and take some debt with it and leave the mugs who paid for it high and dry.
What do us retired people in their 80s do? With little savings and dependent on small pensions and social security?
Stock up on nickels! They are real money, worth well over five cents in metal value, hedge against (hyper) inflation. Worth face value to hedge against deflation (cascading debt defaults).
Cost so low a young kid can easily invest!
Even burglars may well scoff and bypass, heavy!
This sounds more like an info commercial for crypto. We know something is changing but I think they want us to move into crypto. I am skeptical.
Not sure why anyone would put their faith in a digital currency to save their wealth in case of a financial collapse or the demise of the US Dollar. The internet is not reliable! How many times have we seen it go down in various locations affecting many corporations and small businesses? Many times! I put no faith in the internet, the power grid or digital currency.
If you don’t hold your coins in cold storage, then you don’t own them.
Anything tied to an exchange or requires trust like this IRA is a non-starter for me.
It's called 'counter-party risk', and it's higher than most people realize!
💯
Great show Maria with Jonathon Rose, smart and very passionate guy as you mentioned, well done for getting him back on and spreading the word as ever
They are buying Gold and taking delivery of the metal.
They are not buying crappy worthless crypto.
Sigh....how many times are they going to regurgitate the same story?!
If gold is the savior why did Spain default 11 times during the 16th and 17th century while holding one of the biggest gold/silver reserves?
The same goes for crypto, it is not because it is limited, like gold/silver, it is going to safe the financial system. Furthermore, the value of gold and silver, like every asset, is cyclical. It raises and declines through time. It is not a magical metal maintains its value perpetually.
The issue, as stated by others, is the endless debts of governments. And therefor gold/silver is a hedge against governments, nothing else. Or for making jewels.