COMEX has been manipulated for decades by corrupt criminal bankers in corporations like JPMorgan. Silver's real value is way over its spot price has been.
I don't know why people have been gobbling up junk/constitutional silver recently. I don't touch that stuff. I like Canadian Maple Leaf and American Silver Eagles, but ASE's premiums are too high to keep stacking. Maple Leafs have also gone up but it's a much better option for stacking.
This is the main reason I have "junk silver". The premiums on every other type of fractional are too damn high. Even the 1 oz premiums are pretty bad. I've been trying to buy bars as of late.
In my state there is zero sales tax on bars and rounds, but numismatic coins are taxed. That's about $150 per gold coin, $15 per silver. Why I get bars.
Where I am- gotta get out of this shithole. I got some Krugerrands, Australian, Canadian, UK and even Somali gold coins before the sales tax on internet sales went into effect.
When SHTF, no gold or silver will matter. Only food, water, guns, ammo, tools, toiletries, clothes, shelter, transportation, etc. matter. I don't stack silver and gold for SHTF scenarios.
Farmers will get tired of taking guns and ammo in trade and want MONEY (gold and silver) IMHO. If youâve got enough food for the rest of your life, I guess youâre set!! đȘđ»
For the 99th time, SILVER IS NOT, REPEAT, NOT FOR THE CRASH PHASE. IT IS FOR AFTER THE CRASH, WHEN A NEW FINANCIAL PARADIGM IS ESTABLISHED..Stop talking shit about things you only slightly comprehend son..
On the one hand, I agree. For the WORST possible scenario, gold and silver probably don't matter. But for JUST before and JUST after, it will.
In other words, if you are trying to flee for your life, gold and silver will matter, or if things are beginning to return to a semblance of normality, after huge volatility and unrest (and currency devaluation etc) you will want gold and silver.
Other than that, I would say investing in yourself, learning skills, is vital.
If near Kansas City, go to the Steamboat Museum where on display is the contents of a steamboat that carried settler supplies and sank in the big muddy and was recovered in great condition:
the quality of the tools, home furnishings, clothes will stun you. In a Zombie end of the world scenario....that museum would be on my to do list!
You can still buy 2023 Type A Britannias with the dead bitch's face on it.
I used to care about trying not to buy coins with Lizzy's face on it, but at this point, I don't care that much. I only care about premiums and how easy it will be for me to sell it if I had to in an emergency or if silver/gold goes to the moon.
Sounds like a job for the meme stock crowd. If they got everyone who bought Gamestop to buy a couple of ounces of silver (AND TAKE DELIVERY! NO PAPER!), that would really cause a squeeze.
Yeah but those people for some reason only have the mentality to HODL cryptos and shit stocks. They don't have the mentality to hold metals for a long time for some reason.
Yeah, that's what they told me when I converted almost half of my 401k into silver instead of all of it into gold. If the COMEX conspiracy theory to keep silver cheap isn't true and silver's just cheap because there's a lot of silver being dug out of the ground I'm going to be missing out on a shitload of gold profits.
I wouldn't worry too much. Look at the gold/silver ratio. It is definitely at obscene historical levels. Silver is only being dug out at about 7 to 1 the rate of gold. Is there maybe a lot being stockpiled in some place like India and China and Saudi Arabia? Yeah, maybe.
To anyone that says markets don't move in straight lines... They should take a look at the price of gold in Lebanese dollars. Or Turkish Lira if they think Lebanon is some tiny nation outlier.
It's a common saying "Nothing goes straight up" or "market don't move in straight lines". Well, if you look at the Lebanese dollar, that got revalued just a few months ago, the price of gold literally increased 10x overnight (although I'm sure in the black market for some time prior to this it was impossible to swap Lebanese dollars for gold).
As far as Iâm concerned, gold is as well (just in the other direction. Also note that Iâm a gold bug. Itâs the only metal I have, and I have a lot).
First, look at platinum and palladium. Platinum less than half the price of gold, but 30 times more rare.
Palladium is the same rarity as platinum, but its value is dropping like a rock. It wasnât long ago that it was the same price as gold, at around $1800 per Troy ounce. Now itâs around $1500.
Something is going on with gold and silver. Whether itâs pure manipulation or changes in demand, I just donât know.
Sure, but we don't need much of it and while every single mineral has been made vastly more available thanks to tremendous gains in technology there's little reason to go out and pull this stuff out of the ground to go stick it in a bank somewhere.
There's little reason to use any of it if you think the government will take it from you. But... there's good reason to dig it out of the ground: capital! Whatever the sleazes like to pretend, this world STILL runs on the elements and the substances from which they're derived. And what does everyone agree to trade every element in the entire elemental table for? Au! Yesterday, today, and tomorrow! The only trick is how do you stop the guy with the crowbar from bopping you over the head and jacking your shit. At certain times in history, industry was limited to ONE source of a particular mineral or element: one iron ore mine for damascus steel, one source of tufa for cement, and they were heavily defended as state assets but what did they take in payment? You got it! What do communists get when they need to overthrow a country? A train of gold! What gets transported TO THIS DAY when shit hits the fan? The gold! And we do need it, not as much as we need rare earth minerals and all that other good stuff but what do they take payment in? Gold! It's the universal language of "I want what you got, baybaaaaaay".
If you follow the movement and accumulation of gold, you get realpolitik answers to where power is shifting or accumulating and from whom to whom. The sleazes would like to pretend otherwise, but that trickles down to the elements and their extraction. It even applies to CHON and the natural resources we rely on for life (water, agricultural land, sunshine).
They don't want you to have gold because IF you have it ... and you can freely trade it ... oh, the magic of the free market ... it's a powerful magic. It wills things into existence and produces unanticipated results that knock on the door of probability.
I remember a year or so ago, everyone was saying to stock up on silver. I was never sure if it was a good idea. I'm not very savvy on matters of monetary value and investment.
Silver has been the most commonly traded money in history. I donât think itâs even close. Every nationâs currency / money was silver until around 1964, when America took the lead in quietly retiring silver currency and replacing it with cupronickelâessentially counterfeiting its own money. That which has been done for 99% of the history of civilization is a strong bet for future trendsâŠ
You guys should actually read up on the Hunt Brothers. They were super woke and down with the John Birch Society and Larry MacDonald and the truthers of their day (I would have to check again to see exactly who was in the crowd they were rolling with but off the top of my head that is who).
It was a total hit job to take them out (by changing the rules) and make them out to be kooks and criminals.
I don't know about that but I do recall they lost their fucking shirts trying to corner the market. I think silver went from like $5 to $42 an ounce before they got a royal buggering.
They slowly stopped using silver in their currency and their money eventually became so worthless, city soldiers stopped giving a shit and abandoned their posts when Rome was sacked.
With these prices gold might be a poor investment. If price drops back down to where it historically has been you'll be shit out of luck and your gold will be worth half what you paid for it.
Even if gold does lose value, it will eventually jump back up, assuming humans don't find a massive stockpile of gold we can mine. Gold is one of the most important materials for electronics and various other industrial applications. It will always be needed. I would imagine silver is quite important in the industrial sector as well, but I don't have enough knowledge to speak on that.
silver is quite important in the industrial sector as well
Kodak used to use a bunch of silver, for both consumer photography, movie production, and medical x-Ray film.
Those uses have mostly disappeared.
So silver lost a market.
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You're right, silver has more limited applications. It's almost not worth talking about other than as a curiosity but ... in principle, that's what makes it valuable too. It tarnishes so it's not as stable but that means by its nature, you care less about it which means it makes the ideal TOOL. Do you use the best crafted tool the most often? No, you care too much about it and it's unlikely it can produce a superior enough product ot justify the cost. You use the tool which does 90% of the job, has the required durability and value, but you won't lose your shirt on if it fails.
If you go up or down ten percent on silver, at the market price it's SUPPOSED TO HAVE, you don't care. Now, at current inflated prices ... no advantage over gold. But let the market correct itself and all of a sudden ... it's the ideal currency ... again ... as if by the magic of its properties.
what makes you think I'm not a vampire, werewolf, or a germ? đ bad dum ... tiss. Alright, I'll let myself out. Good night, ye kings and queens of metal!
As you say, PMs will never have an ROI, because PMs are not an investment. They're inactive and don't produce anything new. That's what companies and equities do. PMs are however the only real money. đ
Silver comes in bars as small as a gram, or bars measured in pounds. For the kind of trade you're talking about you're looking at $450.00 of Silver, minimum. Silver is currently at about $23.10 an ounce. You're looking at about 20 one-ounce bars.
People knew to silver and gold BALK at 'physical premiums'. They don't understand it and think it is somehow a ripoff. When really, the ripoff is buying PAPER gold and silver at spot, and letting some firm 'hold it for you'.
To clarify, when I say 'paper gold' I mean gold that Wall St is telling you, on paper, you own. Which is what most ETFs hold, and many metals 'investors' too. They actually believe that someone else is "keeping it safe" for them!
You have to know a guy who occasionally buys silver but doesn't keep up with day-to-day trends. And then get him to sell to you at what he paid for it last time he bought it. I have one such guy, an old hippie hobby jeweler, who will sell a few ounces here and there like that. And no, you can't have his number. But now you know what to look for.
No, I won't do what you asked. I have exactly zero reason to share my sources with some random asshole on a forum. I highly doubt you would, either. So you can take your disingenuous commentary and fuck right off.
Wrong on both counts. 1 gram microbars (such as Valcambi combibars) are commonly purchased so that the buyer has fractional amounts of silver for trade instead of just large bars. And larger silver quantities are frequently sold in large "irregular bars" that are sourced from smelters in small countries around the globe- and some are indeed measured by the Troy Pound, not just Troy Ounces or the kilo. There are also silver rounds (disk-shaped bars) in the Troy Pound readily available from many sellers.
You just don't see these as commonly purchased because people prefer to buy 1/2 ounce, 1 ounce or 10 ounce bars, or for the big spenders, the kilo or 100 ounce bars.
Edit: looks like someone wasn't happy I pointed out two obvious examples.
But Iâd bet youâve wanted fiat for quite some time, and you canât eat that either. The metals are meant to act the same way, to facilitate trade of the stuff you DO want, just without the crazy inflation potential.
Naw he's gonna walk around with a 400lb sack of grain to hopefully trade for a specific item he needs and the one person who has it won't want the grain. He will want something else.
People forget why we developed currency in the first place. Whether precious metals or not.
While shit is actively hitting the fan, those types of people are correct. Money of any kind will be useless. That's not because money is useless, but only because at that point in time, supply of basic goods will be so constrained that no amount of money can be traded for a loaf of bread. That has nothing to do with the actual value of money. As soon as supply chains begin to reestablish themselves, prices will come down and money will be usable again. That's what those people don't understand.
No, if shit breaks down that bad. I doubt that supply chains would ever recover in a meaningful amount of time. That kind of event could mean the dollar is already done forever. Or at least long enough to matter to normal people like us. If our country collapsed and the dollars become useless paper. Or maybe just for collectable value in the distant future. (Think confederate money today).
When things recover enough to mean people are selling their crops and making food to share. There will have to be currency of some sort and it will definitely exist in the form of precious metals. Of course useful items will probably be accepted by most people. Gold and silver will still be sought after like it has since the beginning of time. Through every single war and famine, and collapse of empires.
So I'm definetly not referring to the times of absolute chaos but if the dollar becomes useless before or after that chaos people will definitely be using prescious metals to trade.
I own a decent amount of gold and a ton of silver. If you are new to the PM market it is best to stick with gold. Storing and transporting silver is a pain in the ass.
Gold doesnt protect against bank failure, it protects if you are getting shit confiscated and need to flee the country. Want to protect against bank failure put your money into miscellaneous hard assets that produce value.
50-100 ounces of silver and 3-5 ounces of gold is a good goal to have for any beginner precious metals stacker. But yeah, silver is extremely tedious to store and transport.
Buying gold stock is not buying gold. If new to precious metals market. You don't own gold unless you have gold buying stocks in gold thinking you'll get the gold when there's a financial collapse that won't happen.
Good some people don't make that connection that they own stock in a value of a precious metal market value that is very manipulated, not the metal. they don't own gold deposits and don't forget once you accumulate wealth in it That metal becomes logistically a heavy amount to transport. Think of a gym bag filled with gold or silver then think of how much you are trying to accumulate if it becomes a truck load you're looking at storage that is a treasure hunter's dream. If anyone sees you moving these boxes or gym bags, those are heavy metals in there.
If there are any of you who haven't loaded up on silver and gold in that order, please heed this call and go get some now. Not only do you stand to make a lot of money by buying the most shorted assets on earth, but buying gold and silver at this point actively harms the cabal's interests by exposing the COMEX lie and helping crash the banks. If COMEX is no longer able to honour demands for possession, they will cease to set the price of gold and silver. In that event, its price can only skyrocket, since COMEX is essentially a short of the metals with extra steps.
The silver and gold squeezes might be our last chance for a peaceful resolution. In God we trust.
And most importantly it represents freedom. The government cant track your silver & gold. It dorsnt know if you have it. They cant tax it. Its wealth that exists outside their system.
If gold has already soared (per the post title), aren't we risking buying high? Outside of societal collapse, how big a risk is it in short/mid term that we'd lose some value from where they're at now?
Gold is nowhere near the peak and wonât hit it until after this system dies. You can find the best seat on the deck of the titanic or hit the lifeboats while theyâre empty. In a while, people will be trading the former for anything and their first born waifu daughters for the latter. Govern yourself accordingly.
Problem with gold coins is that at a 1/10th oz coin you're paying 3k per oz. And 1/4 is about $700, so 2800. Or $2150 for 1 oz coin. Huge premiums on smaller coins.
True, I don't like fractional gold either. In my example above, you just save up until you can buy a full oz of gold. But when you sell to coin dealers they buy fractional gold at a premium too, so its not quite that bad.
In my case, I use it as kindof a savings account/hedge against inflation. But I get your point. They sell full ounce bars that are scored to break off into 1 gram pieces if thats the concern. And its actually cheaper per ounce than a gold coin.
I'm with you. Assume everyone telling you to buy right now is planning to dump it. I bought some physical (not much at all) when it was hyped during the GME fiasco and it tanked hard. I'm sure long term it'll be worth it, but a lot of people make bank from fear mongering a banking/economic collapse and selling while telling everyone to buy. Just be cautious and only spend what you're willing to lose. If a collapse does happen, it'll come in handy. If not, it could be awhile before its worth selling it.
You're being unrealistic that disasters don't happen. And he's being unrealistic that disasters are a regular occurrence. They answer to both of you is dIvERsiFiCaTioN.
Right. In other words, $790 could get you 1 oz of gold, probably 120 pizzas, and who knows how many hundreds of thousands of Bitcoin.
Hindsight being what it is, wouldn't it have been smart to use the $790 to buy some Bitcoin instead of that one additional oz of gold? That's all I'm saying. I didn't do it either, by the way. So I'm not rubbing it in. Just pointing out the obvious difference in performance over the past 15 years between gold and digital gold.
Of course I'd load up with BTC had I known. But, that's not how it works. I knew Gold would not only hold its value, but increase over time. Very few people had faith in BTC at the time and those that believed in it and held got rewarded.
What I don't understand is why having both gold and bullets is worse than only having bullets. I know you're not suggesting that but it seems to be the idea he's putting forward, and also getting quite heated about đ
I called you a moron for completely missing the point of my comment...which you did.
Apparently hyperbole is beyond your intellectual grasp. It's ok, your end will be quick, I'm sure while you're waving around a chunk of gold begging people to PLEASE give you some food.
Feel free to continue patting yourself on your back for your grasp of witty banter...
Because it's obvious you have no rational argument.
You have proposed the idea that having gold AND bullets is worse than only having bullets. It doesn't make sense. Why would one not want to have a variety of resources?
Also your temper needs some work.... we're just talking. But that's your business.
Hey fucktard, silver is for AFTER THE CRASH PHASE, NOT DURING IT. Its amazing people like you on here that keep spouting that dumb shit hur dur YoU cAnT eAT teH sIlVeR..when a new financial paradigm is established, silver will be a part of it..
Land is better. Property is better. Almost any kind of business that produces something even if it's service industry is ... better. You can't beat injection but if all you want is to park it ... by definition, it's the place to park it. But there are SO MANY THINGS that are ... better. They, however, need WORK. Gold, you just buy. Problem is ... you never know when the world turns to shit and someone comes and gets your gold. That's why people diversify but ... it's hard to make MORE gold out of gold. But if you have a business that has INCOME... that turns into ... whatever. Stones, gold, silver, favors, investment, other businesses, lines of credit, smoke all day err day off your brother's widow's asscrack, you know ... the things you live life for.
I'm just pointing out people have been saying "don't invest in gold" to me for nearly 20 years, and if they had, those people would have quadrupled their money.
I'm loathe to agree with Geralt on anything, but he's correct. Gold is not an investment any more than fiat currency is. It's money that holds its value better than fiat, but it's not an investment because it's inactive. It doesn't produce anything new.
I don't know brothers.. I'm counting on an end times situation. I don't have enough money to invest in gold. What the fuck am I going to do with gold when nobody can find anything to eat and all of the shithead leftists that voted Democrat start to form Marauder Bands and begin roaming around killing people for anything that might be valuable?
I think i'm much better off hoarding enough Guns, Ammo to arm my family, friends and stock up on all Slow/None perishable foods and start breeding rabbits again. I'll start looking for some remote property if I have to time before shit hits.
You're going to need a fat source in order to avoid rabbit starvation. Chickens are good to go. Or if you don't have neighbors nearby, Guinea fowl. They're loud when they raise the alarm.
I would love to jump on board to that, but I have a strong feeling that eventually it will have the same demise as other crypto.
I know, I know... I'm gonna get attacked but with Bitcoin, you can't hold something in your hands.
Explain to me what happens to Bitcoin when we have a MASSIVE SOLAR FLARE and ALL electronics are totally wiped out. Don't tell me it can't happen. Unless you have it protected with a Faraday box/cage, your computers, cell phones & electronics are gone in a flash. WHAT THEN?
If we are attacked with 30 CCP balloons with EMPs, and they do the same thing as a solar flare, what then?
I would never invest in something I can't put in my hand. Call me old fashioned, I don't care. I want Gold, Silver, ammo, water & food.
If that happens the world is ending and itâs mad max time. Thatâs an extinction level event. Itâs much more likely that the we QE infinite and all fiat is so devalued so much people will flock to hard money. Gold is good, but Bitcoin is the best. NOT crypto.
But look at your current world. The one you live in. What is the most important means of information transmission? The internet. Whatâs the gold of the internet? Bitcoin.
Yea, it isnât permanent, but itâs got a long future ahead.
What makes it "gold of the Internet" besides a lot of people who own Bitcoin saying so?
It has no inherent value.
Gold conducts heat and electricity well, is malleable, ductile, beautiful, and reflects heat and light well. Used for jewelry, electronics, even in astronaut visors to protect them from glare and heat from the sun.
Bottom line: gold exists in the real world.
BTC's only value is present when there's a greater fool ready to buy it at a higher price than the owner paid for it. It's value is in the network of people and the architecture, not the thing itself. It's like the US dollar without a gold backing or without the full faith and credit of the US behind it (and without the most powerful military and government in the world). There's no there, there!
Not all crypto is worthless. Monero is prized for true online anonymous transactions, for example. Not to hold it purely as a speculative investment, but to actually use it.
It does have inherent value. The means of transferring wealth instantly without a centralized node.
You can't do that with gold. Gold has to be physically moved from point A to point B or you have to trust the bank is holding gold backing your gold certificates.
Yes, the one benefit is more control on the user side (bypass woke financial institutions and rules), but I'll repeat:
That value is not in the "coin", then, it's in the open source architecture, i.e., the free idea. Without people participating (AKA a "network effect"), it's valueless because it can be replicated by any other digital coin that assumes a similar structure, which can be done by anyone with an Internet connection. The coin doesn't exist. It's just a name for a number on a computer. I could mint a "Buttcoin" token today with the same features in less than 30 minutes, and the only difference would be the number of "users" ("investors", really, because no one spends Bitcoin).
Decentralized transactions on a blockchain are not Bitcoin.
Gold and silver present their own challenges, like security, transport and finding people willing to accept it as payment otherwise you have to find someone to exchange with for fiat and pay a fee for the service. When you buy it you're paying a percentage over spot, are you getting that same percentage when you sell, probably not. Unless you just intend to horde it precious metals aren't as useful as currency as bitcoin.
Bitcoin is digital, there is no need to carry physical objects, there's no risk of being mugged, it's easy to divide up and you can send and recieve it to and from anywhere in the world very quickly with no middle man. You can also print bitcoin onto physical notes and remove it from the blockchain for storage, its even possible go send and recieve bitcoin through radiowaves.
Don't forget equipment to produce ammo, distill liquor, brew beer, ferment wine and grow cannabis. Or feel free to stop by my farm. Bring bullion.... no trades, no folding money, no crapto.
Are we taking a worldwide solar flare at the same time?
Welcome to collapse town. Population, everyone.
At this point the only currency is lead. No one is thinking too much about shiny rocks.
Anything but a global solar flare, Bitcoin keeps running.
âOtherâ crypto is shit. There is only Bitcoin. The rest are fun little gambles or worse. Bitcoin is peer to peer, decentralized, requires a commitment of capital to âmineâ the Bitcoin out and was the first
Those are what make it so important, resilient and fair.
No central bankers. No government that can print more and more. No pre-minting a stash for your buddies to get rich. And actually backed by the expenditure of energy.
Itâs not the only thing, gold is still great too but I think itâs also pretty great as well
Itâs not pissed away forever. It was used to power the most powerful network of decentralized computation on earth. For scale, thatâs more power than 100,000 googles.
Last happened in 1859. Look up The Carrington Event. Could happen again tomorrow. It probably won't matter if you have bitcoin or a basement full of silver eagles at that point.
Wasn't it built just to last until quantum goes mainstream? As I understand it, it's not mean to last forever, it's just 5, 10, 15, 25 years of free-markets. And as we've seen so far ... what happens is amazing! Who cares if it's sustainable or for how long, as a proof of concept ... it's brilliant. I can't think of a better way to show just how much we LOSE when the system is manipulated by comparison to a system where economics can reign a bit more ... free.
The grid goes down, it goes down. It ALL goes down. And it stays down. And things turn to shit soooo fast, nobody's maintaining anything anymore.
You might resurrect your blockchain afterwards, but nobody will care. You won't have workers to come work for you. You won't be able to pay them because nobody will be buying anything from you, especially nothing digital, and it snowballs.
You know what people do in an emergency? They go home, they deal with the things that are important to them. They take care of them and theirs and then they'll deal with you.
This has been tested in hurricanes and other massive natural disasters. It's not speculation. The world goes on and you can keep trading your blockchain in other parts of the world. But in the shit, nobody gives a rat's ass about servers, they're too busy taking a shit in a A HOLE... literally. And that ... cascades.You don't get cops, you don't get firefighers, you don't get medical, you don't get food, you don't get any kind of industry, even BARTERING shuts down.
All you have is what you put together and what you can do. Afterwards, when civilization is restored, yeah, you can retrieve your blockchain and start doing whatever it is you do. But if the GRID takes a hit ... oof. You ever see a grid take a shit with a rocket barrage? You think the iraqis bathed in sewer water because they're dirty people with tepid IQ? Everyone thinks that until they're the iraqis. Then they bathe in sewer water and wipe their ass with their hand.
Take a trip to one of these places in an "event" and you'll see for yourself what it comes down to. You don't have to believe me lol.
I'm not guessing. You're just being argumentative. Transformers are a known issue. And what happens in crisis is not ... a guess. You've seen it play out. Maybe you haven't, but I have. I've shit in the ground enough times in my life to share with you. But it's okay, people who spend all their lives in the city on their computer don't need the kind of things I'm sharing with you. It doesn't apply TO YOU. But for others who can understand what I'm saying, it's relevant. Just like it's relevant what you're trying to say: while civilization is rolling, so does the blockchain. I hear what YOU'RE saying. Now put your ear to my outhouse and hear what I'm saying.
Not everyone lives in a metro area with stable state actors, a stable geological foundation, stable and mild weather patterns. Not everyone is you and hopefully you never have to shit in a hole in the ground. I certainly hope you keep trading in your blockchain and get richer, as you deserve. But life doesn't always give people what they deserve. Sometimes you live in turkey and you go to sleep in the evening and when people wake up in the morning, all that's left of you is a shoe. And nobody's trading blockchain because they're trying to dig what's left of you form the rubble. That's all I'm talking about.
Iâm still shocked the community here hasnât been orange pilled yet. Separating monetary policy from the state is the single best thing for liberty to flourish
Well Bitcoin costs too much for transfers. Currency needs to have its value well understood, it needs to be easy to use, and it needs to be widely distributed.
I've been educated on this so allow me to share how it's done.
You whip out your um ... plastic
and you slide your Visa auto-conversion btc to usd in her ... payment processor.
You lose btc and her net worth gets ... aroused, in dollars.
Then you go home and jerk off before your next shift.
It's a protocol on top of Bitcoin that allows for peer to peer transactions. To send transactions through Lightning, your node opens up a channel with another node by prepaying the maximum amount of Bitcoin you want to exchange to that node on the Bitcoin network. Both nodes keep track of how much Bitcoin they've exchanged with each other on the Lightning network and square up whenever either decides to close the channel. When the channel is closed, the other node keeps the amount of Bitcoin sent to it and returns any unspent Bitcoin back to you. You can sort of think of it like opening a tab or prepaying for gas.
In addition to sending directly to nodes you've opened channels with, you can also send to the nodes that they've opened channels with and to nodes those nodes have opened channels with and so on.
It works in the opposite direction too and any node can open a channel with you and send Bitcoin to or through your node.
Most people don't really need to know how it works. There are plenty of apps that use the Lightning Network to send Bitcoin without the user being any wiser, including the Cash App, Breez, Alby, Bluewallet, etc.
Good point. Iâm just a blue collar worker not in tech at all, but Iâve put in the time and energy attempting to understand our corrupt fiat monetary policy and researching solutions/insurance policies against it. Bitcoin seems to be the best option. We are all on âteam liberty â here and Iâm just trying to help.
Sadly most conservatives are going to miss out. They're too suspicious of anything tech to see that Bitcoin is categorically different from something like Google, and they think it had to have been created by an alphabet agency (as if those fags could be so innovative).
Best case scenario, Bitcoin and lightning get built into the infrastructure of already established industries and most people just go on living without realizing their life got way more convenient, like that time long distant phone calls became free because of VoIP.
Yup, they will complain about âthe systemâ but when something comes along that could transform society (Bitcoin) they wonât do the work to understand it with intellectual honesty. Imagine a world where money cannot be printed and the government cannot confiscate your wealth.
It's not. None of the decent banks charge you fees. They even give you ~$500 with each new credit card sign up or $200 for checking / savings. Transactions are free and get cash back. You can transfer money instantly or in a couple days, worst case. If there's an issue with a lost card or fraudulent charge, they handle it.
If you lose your crypto wallet access, all that money is gone forever. It's estimated 20-30% of all paper wealth in crypto is inaccessible. Hilarious.
They don't charge you fees for keeping your money because they are using your money to loan it out several times over and make money on your money.
That's not free. You are paying for those services. You are paying for it in loaning the bank your money and assuming the risk while the bank gets all the benefits.
Transferring money is not free. Especially if you have to transfer overseas. It costs a ton of money to support that network, and it can take up to a month to settle.
Bitcoin does it for fractions of a penny within seconds.
Even after the recent bank failures Most people donât understand that the banks buy bonds with your deposits. Then when the fed raises rates, those bonds get devalued. When the people want to withdraw and the bank is forced to sell the bonds at a loss it creates the snowball effect of a bank run.
Everybody knows that. You're acting like you're dropping knowledge that a bank isn't some child's idea of a sea of dollar bills, each one accounted for. None of us have the time or network or skillset to make the kind of money with your money that a bank does to stay operational. That would be another full-time job. It's a hell of a deal.
FDIC makes bank deposits risk free, anyways. If you have too much money (over $250k), you split it up between accounts or buy treasuries.
BTC average fees have hovered around $1 for transactions, so that's another lie. Lightning network is pennies, maybe, not fractions of a penny. It's still worth much less than what the average bank offers, without the risk of being locked out of my account permanently like the significant portion of crypto "wealth" that is lost forever lol
Ok. You do you. Enjoy embracing the fiat system. There is too much debt to ever be paid back. Eventually the fiat ponzi will fail and itâs QE infinite. Itâs just math. Thatâs why Iâm advocating for patriots to convert a portion of their fiat into BTC (not other shitcoins) as an insurance policy.
There's no such thing as "risk free banking" all it's doing is diverting the risk to unwilling third parties, by force.
You can send billions of dollars for fractions of a penny on the lightning network. If you want to quibble and say "no, it's actually a penny" then your argument isn't looking so good.
Finally, it's such a retarded argument to claim "but I can lose my crypto" as if that's a meaningful argument. As long as you maintain your keys, you can't lose your crypto. However, gold can be stolen. Bank accounts can be raided. Dollars can be burned. You have no point.
They have a thousand excuses for why crypto isn't the way when what they really mean is " I don't understand how to buy it and I never bothered to try to because it would involve a slight effort."
You will never beat the cabal using cabal-written software running on cabal-written OSes running on cabal-produced hardware sending signals encrypted using algorithms the cabal gave you out of the goodness of their hearts and definitely not to make it easier to surveil its adversaries (you and I), over the cabal-controlled internet.
You're just not. It's a completely uneven playing field.
Much of what you describe as cabal created was actually created by small communities of enthusiasts with nothing but good intentions. But I understand your cynicism.
Every silicon valley company was given DARPA funding to produce a piece of whatever theyâre building (some call it âthe great workâ). None of it was organic.
All crypto software is based on satoshi âthe spookâ nakamotoâs work. Itâs all fruit of the poison tree.
All cryptography was given to us by the cabal. The math might be sound (might be, you and I will never test it fully to be sure of that). But every implementation has been compromised.
All software including open source software is compromised. It wouldnât matter because so is all the hardware. And they also listen to all internet traffic and can decrypt it after the fact at any time later on.
Yes, many who participated might have had good intentions but the fact remains itâs all DARPA projects with undisclosed conditions on their âVCâ funding. Besides that, our adversary once bridged an airgap at an Iranian nuclear facility with a virus that spread via sound. The virus spread worldwide undetected before deploying its payload, a virus custom written for industrial uranium enrichment hardware. Theyâre ahead by a century, all this AI stuff coming out lately isnât new they had it for years we probably both have argued against AI bots using that tech.
Maybe you are an AI nanobot from the future developed by DARPA designed to spread fud and prevent patriots from escaping the fiat matrix. I canât trust you. Youâre on my computer.
Either way, we are outclassed. They have computer hardware and software knowledge that is a decade or more beyond anything we have. Why enter into a fight with the cabal in this arena, when you can just trust in God and buy gold and silver?
BTC has lost a hell of a lot more than that within a few months in the past. It's possibly the most volitile investment you can make. The government could "ban" it anyntime by making it illegal for banks or businesses to accept and exchange it.
It's already banned in China and India and several other smaller countries.
I can only imagine it hasn't been banned in the US yet because they are trying to groom people off of cash and into going digital. I could see them allowing BTC to punp and then making it illegal but offering people a one time opportunity to exchange into a USD crypto coin and then they have total control over you. Give up your fortune in BTC or give up your freedom? Sadly most people would choose the money.
I don't see them ceeding control of the monetary system to Bitcoin no matter what.
Can't be banned. You know China has banned Bitcoin 50 times? That's just another way of saying they're having trouble actually stopping people from using math to send value.
There is quite literally nothing to ban. If they stop regulated companies from touching it, guess what, it goes fully black market. Doesn't matter. It will still function for anyone who wants to use it. Tick tock next block. The faggots are completely checkmated.
Sure they could, but that's not a scalable enforcement. If my overlords got that desperate and tyrannical, I would memorize my twelve words and leave the country with my entire net worth in my head. That's something you can't do with any other asset, especially gold.
Doesn't need to be, just needs to be quick and brutal enough to cause a panic.
And you would be exit banned. That is scalable. And I have better odds of escaping an exit ban than you do. With gold I can bribe, with your 12 words you can't.
It was 1700 last time I checked it a year ago? I get what you're saying but by now, it already paid for its minting premium, no? Usually, you have to wait 5 or 6 years before it gains enough value to cover that piece of shit fee. You're right, but as far as gold goes, that's as high as that lame duck will fly. And if people kept it in dollars instead of gold... read it and weep, I guess? If you factor how much the dollar lost and compare it to your mint fees already being paid off in a year ... very very tempting, wouldn't you say?
I don't know if you usually need to wait that long, price has been fluctuating over the past few years. But yeah I wouldn't use those words from the article unless it went significantly higher than $2000k. It just peaked over.
You donât understand what I said yet call it a lie?
The math behind modern encryption might be sound. Might, because you and I will never test the math, so weâre both just trusting the experts.
However, the implementation (i.e., the code to implement the math behind the encryption) is where even the most mathematically sound encryption algorithms fail. Itâs my view that there are intentional backdoors in the implementation of every encryption algorithm the government ever gave us for free. Youâre a naive faggot if you think they gave you the ability to hide messages from them.
Going to downvote you btc bros for being complete and utter assholes 99% of you, even if you're right. You're both right, but he's uneducated and you're just an asshole.
I see a point in Monero, for example, to enable true anonymous payments, but people don't buy or sell things in BTC, they just buy it because they think someone else will want it more in the future.
One major reason people donât buy things in BTC is the tax treatment that requires tracking purchased price and capital gains. Coupled with lack of privacy, it doesnât really make a fantastic cash replacement. As a store of wealth, better, so far, albeit with oodles of volatility.
That's not true. People have been using BTC for "discrete" trades for a LONG time. Lawyers, hookers, and uh... others were some of the early adopters once the nerds opened it up. And now, with VIsa having officially created the auto-convert cards, you just have to worry about taxation on the exchange again but... you can now buy and sell things because there IS no difference between usd and btc with the visa card. Don't feel bad, I said the same thing you did a year or two ago and it turned out the auto-convert had been up and running for several years prior. It's not as popular because people don't want to pay taxes which is why I suspect it hasn't really hit it off. Few want to transact and get buttblasted by the gov later with unstable policies. Its why I ultimately decided not to use it even after I was set straight by some fine pedes here.
Sure, in the early days, it was the closest thing to anonymous payments, but it has always been and remains only pseudonymous. Everyone can watch every wallet; they only aren't given a name for that wallet's owner. If the government or an interested party cares enough, you can be uncovered.
I don't get why you'd use a VISA card to spend crypto, when the sole benefit seems to be not having a middleman that tells you you're not allowed to make a transaction you want to proceed with.
That does seem to be the best reason for adoption of crypto, though, is Monero for anonymity and total control of however you want to spend your money. Maybe sometimes accepting the poorer privacy of Bitcoin in exchange for faster transactions. You just have to convert it at the last second because every coin is 100x more volatile than the dollar. Holding it seems nerve-racking because you'd never know what's in your "checking account". We take the relative stability of the dollar for granted...
DCA into BTC, gold, firearms, and the most important thing â your health. Donât buy crypto. Get BTC and take self custody (donât leave it on an exchange)
Great advice, but you left out silver, my dude. If you havenât yet, take a look at the historical gold/silver ratio. In that context, itâs quite a bargain.
C'mon Silver !!!!
It's severely manipulated by paper silver.
COMEX has been manipulated for decades by corrupt criminal bankers in corporations like JPMorgan. Silver's real value is way over its spot price has been.
$100 bag of junk silver has gone from $1800 to $2800 in the last couple weeks.
I don't know why people have been gobbling up junk/constitutional silver recently. I don't touch that stuff. I like Canadian Maple Leaf and American Silver Eagles, but ASE's premiums are too high to keep stacking. Maple Leafs have also gone up but it's a much better option for stacking.
Because at a farmers market you don't want $30 be the lowest denomination you have.
This is the main reason I have "junk silver". The premiums on every other type of fractional are too damn high. Even the 1 oz premiums are pretty bad. I've been trying to buy bars as of late.
Goldbacks
Premiums on those are like 100%, it's insane.
In my state there is zero sales tax on bars and rounds, but numismatic coins are taxed. That's about $150 per gold coin, $15 per silver. Why I get bars.
Same here in MN, bullion is tax free, but treasury minted coins are taxed. Bizarre ass backwards logic.
Where I am- gotta get out of this shithole. I got some Krugerrands, Australian, Canadian, UK and even Somali gold coins before the sales tax on internet sales went into effect.
This is done specifically to deter coins being used as a form of exchange.
When the shit goes down, it's won't matter
When SHTF, no gold or silver will matter. Only food, water, guns, ammo, tools, toiletries, clothes, shelter, transportation, etc. matter. I don't stack silver and gold for SHTF scenarios.
Farmers will get tired of taking guns and ammo in trade and want MONEY (gold and silver) IMHO. If youâve got enough food for the rest of your life, I guess youâre set!! đȘđ»
For the 99th time, SILVER IS NOT, REPEAT, NOT FOR THE CRASH PHASE. IT IS FOR AFTER THE CRASH, WHEN A NEW FINANCIAL PARADIGM IS ESTABLISHED..Stop talking shit about things you only slightly comprehend son..
On the one hand, I agree. For the WORST possible scenario, gold and silver probably don't matter. But for JUST before and JUST after, it will.
In other words, if you are trying to flee for your life, gold and silver will matter, or if things are beginning to return to a semblance of normality, after huge volatility and unrest (and currency devaluation etc) you will want gold and silver.
Other than that, I would say investing in yourself, learning skills, is vital.
yes
If near Kansas City, go to the Steamboat Museum where on display is the contents of a steamboat that carried settler supplies and sank in the big muddy and was recovered in great condition:
the quality of the tools, home furnishings, clothes will stun you. In a Zombie end of the world scenario....that museum would be on my to do list!
Britannias were it for me bc of the security features and price. Now they got that pedo on the back I won't touch them.
You can still buy 2023 Type A Britannias with the dead bitch's face on it.
I used to care about trying not to buy coins with Lizzy's face on it, but at this point, I don't care that much. I only care about premiums and how easy it will be for me to sell it if I had to in an emergency or if silver/gold goes to the moon.
When I had to sell quickly, Silver Eagles were by far the easiest.
Itâs silver and at a low premium.
low premium and junk silver do not belong in the same sentence.
âJunk silverâ typically jew scare tactics đ Just like âOld Goldâ
Sounds like a job for the meme stock crowd. If they got everyone who bought Gamestop to buy a couple of ounces of silver (AND TAKE DELIVERY! NO PAPER!), that would really cause a squeeze.
Yeah but those people for some reason only have the mentality to HODL cryptos and shit stocks. They don't have the mentality to hold metals for a long time for some reason.
r/wallstreetsilver tried that and failed
Stop pointing out the jews and the jew thing they do.
Yeah, that's what they told me when I converted almost half of my 401k into silver instead of all of it into gold. If the COMEX conspiracy theory to keep silver cheap isn't true and silver's just cheap because there's a lot of silver being dug out of the ground I'm going to be missing out on a shitload of gold profits.
I wouldn't worry too much. Look at the gold/silver ratio. It is definitely at obscene historical levels. Silver is only being dug out at about 7 to 1 the rate of gold. Is there maybe a lot being stockpiled in some place like India and China and Saudi Arabia? Yeah, maybe.
Natural Gas -enters chat
Exactly. Buy low sell high.
To anyone that says markets don't move in straight lines... They should take a look at the price of gold in Lebanese dollars. Or Turkish Lira if they think Lebanon is some tiny nation outlier.
It's a common saying "Nothing goes straight up" or "market don't move in straight lines". Well, if you look at the Lebanese dollar, that got revalued just a few months ago, the price of gold literally increased 10x overnight (although I'm sure in the black market for some time prior to this it was impossible to swap Lebanese dollars for gold).
As far as Iâm concerned, gold is as well (just in the other direction. Also note that Iâm a gold bug. Itâs the only metal I have, and I have a lot).
First, look at platinum and palladium. Platinum less than half the price of gold, but 30 times more rare.
Palladium is the same rarity as platinum, but its value is dropping like a rock. It wasnât long ago that it was the same price as gold, at around $1800 per Troy ounce. Now itâs around $1500.
Something is going on with gold and silver. Whether itâs pure manipulation or changes in demand, I just donât know.
Sure, but we don't need much of it and while every single mineral has been made vastly more available thanks to tremendous gains in technology there's little reason to go out and pull this stuff out of the ground to go stick it in a bank somewhere.
There's little reason to use any of it if you think the government will take it from you. But... there's good reason to dig it out of the ground: capital! Whatever the sleazes like to pretend, this world STILL runs on the elements and the substances from which they're derived. And what does everyone agree to trade every element in the entire elemental table for? Au! Yesterday, today, and tomorrow! The only trick is how do you stop the guy with the crowbar from bopping you over the head and jacking your shit. At certain times in history, industry was limited to ONE source of a particular mineral or element: one iron ore mine for damascus steel, one source of tufa for cement, and they were heavily defended as state assets but what did they take in payment? You got it! What do communists get when they need to overthrow a country? A train of gold! What gets transported TO THIS DAY when shit hits the fan? The gold! And we do need it, not as much as we need rare earth minerals and all that other good stuff but what do they take payment in? Gold! It's the universal language of "I want what you got, baybaaaaaay".
If you follow the movement and accumulation of gold, you get realpolitik answers to where power is shifting or accumulating and from whom to whom. The sleazes would like to pretend otherwise, but that trickles down to the elements and their extraction. It even applies to CHON and the natural resources we rely on for life (water, agricultural land, sunshine).
They don't want you to have gold because IF you have it ... and you can freely trade it ... oh, the magic of the free market ... it's a powerful magic. It wills things into existence and produces unanticipated results that knock on the door of probability.
Extremely well said.
Women LOVE jewellry. Women LOVE gold and silver.
I remember a year or so ago, everyone was saying to stock up on silver. I was never sure if it was a good idea. I'm not very savvy on matters of monetary value and investment.
Silver has been the most commonly traded money in history. I donât think itâs even close. Every nationâs currency / money was silver until around 1964, when America took the lead in quietly retiring silver currency and replacing it with cupronickelâessentially counterfeiting its own money. That which has been done for 99% of the history of civilization is a strong bet for future trendsâŠ
Silver is a cartel.
There have been times in the recent past where like 55% of the physical supply was owned / manipulated by a single institution.
Ask the Hunt brothers about that.
You guys should actually read up on the Hunt Brothers. They were super woke and down with the John Birch Society and Larry MacDonald and the truthers of their day (I would have to check again to see exactly who was in the crowd they were rolling with but off the top of my head that is who).
It was a total hit job to take them out (by changing the rules) and make them out to be kooks and criminals.
They didn't have permission.
I don't know about that but I do recall they lost their fucking shirts trying to corner the market. I think silver went from like $5 to $42 an ounce before they got a royal buggering.
It's part of the reason the Roman empire fell.
They slowly stopped using silver in their currency and their money eventually became so worthless, city soldiers stopped giving a shit and abandoned their posts when Rome was sacked.
Stacking as much silver and gold as you can afford will always be a good idea, if you care about your and your family's financial security.
With these prices gold might be a poor investment. If price drops back down to where it historically has been you'll be shit out of luck and your gold will be worth half what you paid for it.
Will you make fiat currency investing in gold or silver? History says probably not at least compared to equities.
Will they lose value? Almost never.
Even if gold does lose value, it will eventually jump back up, assuming humans don't find a massive stockpile of gold we can mine. Gold is one of the most important materials for electronics and various other industrial applications. It will always be needed. I would imagine silver is quite important in the industrial sector as well, but I don't have enough knowledge to speak on that.
Silver is the single most conductive metal.
Roadtoroota grand canyon
Kodak used to use a bunch of silver, for both consumer photography, movie production, and medical x-Ray film.
Those uses have mostly disappeared.
So silver lost a market.
â«
Solar, electronics, medical, textiles, ev cars..etc.
There is silver in every smart phone and tablet. More than made up for cameras and x-rays.
This is a good video to watch to learn a few things about silver, its history, and its uses.
https://www.youtube.com/watch?v=JUA3CaWnoZo
You're right, silver has more limited applications. It's almost not worth talking about other than as a curiosity but ... in principle, that's what makes it valuable too. It tarnishes so it's not as stable but that means by its nature, you care less about it which means it makes the ideal TOOL. Do you use the best crafted tool the most often? No, you care too much about it and it's unlikely it can produce a superior enough product ot justify the cost. You use the tool which does 90% of the job, has the required durability and value, but you won't lose your shirt on if it fails.
If you go up or down ten percent on silver, at the market price it's SUPPOSED TO HAVE, you don't care. Now, at current inflated prices ... no advantage over gold. But let the market correct itself and all of a sudden ... it's the ideal currency ... again ... as if by the magic of its properties.
Perhaps you've forgotten about it's abikity to repel vampires and kill werewolves?
Also, it's an antibiotic.
what makes you think I'm not a vampire, werewolf, or a germ? đ bad dum ... tiss. Alright, I'll let myself out. Good night, ye kings and queens of metal!
As you say, PMs will never have an ROI, because PMs are not an investment. They're inactive and don't produce anything new. That's what companies and equities do. PMs are however the only real money. đ
If you acquired gold in 2003 at $300 today you would be in pretty good shape.
Better than US dollars at the very least.
Never sure that having actual real money and not fiat was a good idea.....
Come on Uranium!
Just hopefully not enriched.
brass still undefeated
Itâll follow.
Getting closer boys and girls.
Looking to buy 2 chickens, 1 goat and 3 pigs, offer 1/2 bar of silver.
Silver comes in bars as small as a gram, or bars measured in pounds. For the kind of trade you're talking about you're looking at $450.00 of Silver, minimum. Silver is currently at about $23.10 an ounce. You're looking at about 20 one-ounce bars.
Good luck getting it for less than 20% over spot.
1 bar best I can offer. You know that's coming too.
You mean 20 ounces Silver of $
There is nowhere on the planet where you can buy PHYSICAL REAL silver for $23.10 today.
And if there is, please give me their number.
That's less than current ask (23.47/oz as of post), so of course people are hesitant to take the bath for you.
That said, I sometimes find deals on jm, https://www.jmbullion.com/silver/silver-bars/gram-kilo-silver-bars/ Thrown in for the no such thing as less than ounce guy above, Click
People knew to silver and gold BALK at 'physical premiums'. They don't understand it and think it is somehow a ripoff. When really, the ripoff is buying PAPER gold and silver at spot, and letting some firm 'hold it for you'.
I agree that the gold backs look cool as far as money goes, but owning those over just actual gold/silver/etc. never made sense to me.
To clarify, when I say 'paper gold' I mean gold that Wall St is telling you, on paper, you own. Which is what most ETFs hold, and many metals 'investors' too. They actually believe that someone else is "keeping it safe" for them!
You have to know a guy who occasionally buys silver but doesn't keep up with day-to-day trends. And then get him to sell to you at what he paid for it last time he bought it. I have one such guy, an old hippie hobby jeweler, who will sell a few ounces here and there like that. And no, you can't have his number. But now you know what to look for.
So in other words you cannot do what I asked, you just "know a guy" that you are ripping off. Got it.
No, I won't do what you asked. I have exactly zero reason to share my sources with some random asshole on a forum. I highly doubt you would, either. So you can take your disingenuous commentary and fuck right off.
Yeah yeah go fuck yourself.
Nobody buys 1 gram of silver and bars are measured in ounces and kilos, not pounds.
Wrong on both counts. 1 gram microbars (such as Valcambi combibars) are commonly purchased so that the buyer has fractional amounts of silver for trade instead of just large bars. And larger silver quantities are frequently sold in large "irregular bars" that are sourced from smelters in small countries around the globe- and some are indeed measured by the Troy Pound, not just Troy Ounces or the kilo. There are also silver rounds (disk-shaped bars) in the Troy Pound readily available from many sellers.
https://www.apmex.com/product/179115/1-troy-pound-cast-poured-silver-round-9fine-mint
You just don't see these as commonly purchased because people prefer to buy 1/2 ounce, 1 ounce or 10 ounce bars, or for the big spenders, the kilo or 100 ounce bars.
Edit: looks like someone wasn't happy I pointed out two obvious examples.
I just cant do the premium on Valcambi. Thats one reason I like Junk Silver. The other is its old, cool af, and I like history.
Junk silver is awesome, and well worth trolling flea markets and junkstores for. Estate sales are a solid bet as well.
Iâm just saying, I donât want your metals as I canât eat them, guns and buckets for protection is another storyâŠ.
But Iâd bet youâve wanted fiat for quite some time, and you canât eat that either. The metals are meant to act the same way, to facilitate trade of the stuff you DO want, just without the crazy inflation potential.
Naw he's gonna walk around with a 400lb sack of grain to hopefully trade for a specific item he needs and the one person who has it won't want the grain. He will want something else.
People forget why we developed currency in the first place. Whether precious metals or not.
While shit is actively hitting the fan, those types of people are correct. Money of any kind will be useless. That's not because money is useless, but only because at that point in time, supply of basic goods will be so constrained that no amount of money can be traded for a loaf of bread. That has nothing to do with the actual value of money. As soon as supply chains begin to reestablish themselves, prices will come down and money will be usable again. That's what those people don't understand.
No, if shit breaks down that bad. I doubt that supply chains would ever recover in a meaningful amount of time. That kind of event could mean the dollar is already done forever. Or at least long enough to matter to normal people like us. If our country collapsed and the dollars become useless paper. Or maybe just for collectable value in the distant future. (Think confederate money today).
When things recover enough to mean people are selling their crops and making food to share. There will have to be currency of some sort and it will definitely exist in the form of precious metals. Of course useful items will probably be accepted by most people. Gold and silver will still be sought after like it has since the beginning of time. Through every single war and famine, and collapse of empires.
So I'm definetly not referring to the times of absolute chaos but if the dollar becomes useless before or after that chaos people will definitely be using prescious metals to trade.
hugs
Sup?
I own a decent amount of gold and a ton of silver. If you are new to the PM market it is best to stick with gold. Storing and transporting silver is a pain in the ass.
You don't have enough gold for that to matter
Gold doesnt protect against bank failure, it protects if you are getting shit confiscated and need to flee the country. Want to protect against bank failure put your money into miscellaneous hard assets that produce value.
50-100 ounces of silver and 3-5 ounces of gold is a good goal to have for any beginner precious metals stacker. But yeah, silver is extremely tedious to store and transport.
Buying gold stock is not buying gold. If new to precious metals market. You don't own gold unless you have gold buying stocks in gold thinking you'll get the gold when there's a financial collapse that won't happen.
That always deterred me, a lot of those rollover investments donât allow physical possession. Itâs always at some depository far away.
Good some people don't make that connection that they own stock in a value of a precious metal market value that is very manipulated, not the metal. they don't own gold deposits and don't forget once you accumulate wealth in it That metal becomes logistically a heavy amount to transport. Think of a gym bag filled with gold or silver then think of how much you are trying to accumulate if it becomes a truck load you're looking at storage that is a treasure hunter's dream. If anyone sees you moving these boxes or gym bags, those are heavy metals in there.
BURY IT.
Corrosion
It doesnât corrode. Silver tarnishes but it can easily be undone.
I prefer to dissolve it in aqua regia and bury in mason jars in treated wood crates. Metal detector wonât work.
"Salt" the dirt in the area with metal chips from a machine shop afterwards. Metal detectors will have fun in the search.
Might also indicate where to dig. Maybe Iâll just go bury two dozen metal balls somewhere on my land.
That's for gold.
Silver would be easier to make into a non-metal bar with simply nitric acid.
â«
Yep
cool.
2 inch pvc pipe capped on the end. heard that from local coin dealer
Canât buy chickens with gold though ... unless you get a thousand at one time
Is gold worth more?
Or is the dollar just plummeting like a motherfucker?
Yes.
Theres no such thing as consequences anymore. If you were a big bank, why wouldnt you just mqx it all out on a bet? Not like youll have to pay ...
If there are any of you who haven't loaded up on silver and gold in that order, please heed this call and go get some now. Not only do you stand to make a lot of money by buying the most shorted assets on earth, but buying gold and silver at this point actively harms the cabal's interests by exposing the COMEX lie and helping crash the banks. If COMEX is no longer able to honour demands for possession, they will cease to set the price of gold and silver. In that event, its price can only skyrocket, since COMEX is essentially a short of the metals with extra steps.
The silver and gold squeezes might be our last chance for a peaceful resolution. In God we trust.
And most importantly it represents freedom. The government cant track your silver & gold. It dorsnt know if you have it. They cant tax it. Its wealth that exists outside their system.
Apparently, you've never read a history book...
Based
try moving it to a swiss bank vault.
They can and do
LMAO, yes I'm sure they're tracking the PMs I bought with cash, on a receipt marked Cash from the local dealer.
If gold has already soared (per the post title), aren't we risking buying high? Outside of societal collapse, how big a risk is it in short/mid term that we'd lose some value from where they're at now?
Gold is nowhere near the peak and wonât hit it until after this system dies. You can find the best seat on the deck of the titanic or hit the lifeboats while theyâre empty. In a while, people will be trading the former for anything and their first born waifu daughters for the latter. Govern yourself accordingly.
Thats why you cost average in. Don't buy all at once. Set a goal, maybe its $250 a month. And buy some each month
Problem with gold coins is that at a 1/10th oz coin you're paying 3k per oz. And 1/4 is about $700, so 2800. Or $2150 for 1 oz coin. Huge premiums on smaller coins.
True, I don't like fractional gold either. In my example above, you just save up until you can buy a full oz of gold. But when you sell to coin dealers they buy fractional gold at a premium too, so its not quite that bad.
Not as easily divisible if you have no fractional.
In my case, I use it as kindof a savings account/hedge against inflation. But I get your point. They sell full ounce bars that are scored to break off into 1 gram pieces if thats the concern. And its actually cheaper per ounce than a gold coin.
https://www.jmbullion.com/50-gram-valcambi-gold-combibar/
My guy is selling 1/4 AGE (high premium) for 568 right now. I bought one for 513 before the spike.
What site? Can DM me or if it's a local dude don't worry about it. Thanks.
I'm with you. Assume everyone telling you to buy right now is planning to dump it. I bought some physical (not much at all) when it was hyped during the GME fiasco and it tanked hard. I'm sure long term it'll be worth it, but a lot of people make bank from fear mongering a banking/economic collapse and selling while telling everyone to buy. Just be cautious and only spend what you're willing to lose. If a collapse does happen, it'll come in handy. If not, it could be awhile before its worth selling it.
Donât listen to internet
Good thing I bought at $790 in 2009.
did you buy physical gold? or a gold etf?
Kek. Read that as gold elf đ§ââïž
Just imagine if you'd bought Bitcoin instead. Think of how many fine men's suits you'd be able to buy.
Keep praying for the sun to no longer be a thing.
You're being unrealistic that disasters don't happen. And he's being unrealistic that disasters are a regular occurrence. They answer to both of you is dIvERsiFiCaTioN.
I keep seeing this crap about the grid going down as if it wouldn't be a catastrophic event for the entire economy.
Good luck with that gold and silver in a total collapse scenario.
Metals are insurance for after the reset so you can buy back in.
1 đšđł barroon strapped with a nuke detonated high in the atmosphere might do that.
Yeah and in such a scenario there'd be way bigger concerns than money, like not dying.
Back then paying 10,000 bitcoins for a pizza was a good deal.
Right. In other words, $790 could get you 1 oz of gold, probably 120 pizzas, and who knows how many hundreds of thousands of Bitcoin.
Hindsight being what it is, wouldn't it have been smart to use the $790 to buy some Bitcoin instead of that one additional oz of gold? That's all I'm saying. I didn't do it either, by the way. So I'm not rubbing it in. Just pointing out the obvious difference in performance over the past 15 years between gold and digital gold.
I bought bitcoin near the beginning, and sold it shortly after for a small gain because I was young and broke
Even if you bought back then, the chances you'd have held through all the ups and downs are very slim
If you bought at $10, $100 seemed amazing, $1000 was hard to imagine
Now here we are
Very true. I was buying back then and sold for sweet gains in 2016. Live and learn.
Of course I'd load up with BTC had I known. But, that's not how it works. I knew Gold would not only hold its value, but increase over time. Very few people had faith in BTC at the time and those that believed in it and held got rewarded.
And those that bought Bitcoin at 60K because it was "going to the moon" are now crying in their ramen noodles.
It's all a crap shoot.
lead is my preferred precious metal. it holds it's value and has a practical use...
also soars
If one already has thousands of pounds of brass and lead, diversifying into other metals is reasonable.
I love melting lead
People buying precious metals for what's coming...when they don't know how to make bullets from precious metals, SMH.
You can have both
Why?
Tell me one thing that precious metals can do for you in the zombie apocalypse?
Have you ever seen 1 episode of walking dead???
I'll wait.
Zombie apocalypse is not going to happen.
Zombies are not real.
Is there another scenario maybe you want to ask about?
Incorrect, the zombies will be the hordes of the unprepared.
Keep thinking like you know what's coming, moron.
We are talking about the end times here. People don't barter for lumps of metal that serve no purpose, they barter for shit that can keep them alive.
You just called me a moron for saying zombies aren't real my dude
He's basically saying "You can't eat precious metals"
That's absolutely true, you can't eat metal.
What I don't understand is why having both gold and bullets is worse than only having bullets. I know you're not suggesting that but it seems to be the idea he's putting forward, and also getting quite heated about đ
I called you a moron for completely missing the point of my comment...which you did.
Apparently hyperbole is beyond your intellectual grasp. It's ok, your end will be quick, I'm sure while you're waving around a chunk of gold begging people to PLEASE give you some food.
Feel free to continue patting yourself on your back for your grasp of witty banter...
Because it's obvious you have no rational argument.
You have proposed the idea that having gold AND bullets is worse than only having bullets. It doesn't make sense. Why would one not want to have a variety of resources?
Also your temper needs some work.... we're just talking. But that's your business.
Hey fucktard, silver is for AFTER THE CRASH PHASE, NOT DURING IT. Its amazing people like you on here that keep spouting that dumb shit hur dur YoU cAnT eAT teH sIlVeR..when a new financial paradigm is established, silver will be a part of it..
Pretty sure that the purpose of sound money is to make it so you donât have to barter for every little thing you need, which is very hard.
Duh. Silver bullets kill zombies.
Lead and Brass
Every time I ask people about gold, they say don't bother with gold.
I started asking when I was 14 and gold was 500 an ounce.
Land is better. Property is better. Almost any kind of business that produces something even if it's service industry is ... better. You can't beat injection but if all you want is to park it ... by definition, it's the place to park it. But there are SO MANY THINGS that are ... better. They, however, need WORK. Gold, you just buy. Problem is ... you never know when the world turns to shit and someone comes and gets your gold. That's why people diversify but ... it's hard to make MORE gold out of gold. But if you have a business that has INCOME... that turns into ... whatever. Stones, gold, silver, favors, investment, other businesses, lines of credit, smoke all day err day off your brother's widow's asscrack, you know ... the things you live life for.
I'm just pointing out people have been saying "don't invest in gold" to me for nearly 20 years, and if they had, those people would have quadrupled their money.
You make money with gold by flipping it. It sint an investment
Just saying, people have been saying "gold isn't an investment" to me for nearly 20 years now, and gold investing has quadrupled in value.
I'm loathe to agree with Geralt on anything, but he's correct. Gold is not an investment any more than fiat currency is. It's money that holds its value better than fiat, but it's not an investment because it's inactive. It doesn't produce anything new.
I don't know brothers.. I'm counting on an end times situation. I don't have enough money to invest in gold. What the fuck am I going to do with gold when nobody can find anything to eat and all of the shithead leftists that voted Democrat start to form Marauder Bands and begin roaming around killing people for anything that might be valuable?
I think i'm much better off hoarding enough Guns, Ammo to arm my family, friends and stock up on all Slow/None perishable foods and start breeding rabbits again. I'll start looking for some remote property if I have to time before shit hits.
You're going to need a fat source in order to avoid rabbit starvation. Chickens are good to go. Or if you don't have neighbors nearby, Guinea fowl. They're loud when they raise the alarm.
You mean Krugerrands? i.e. "the most extensively held gold bullion coins"
https://www.wallstreetmojo.com/krugerrands/
Seeing where things appear to be headed, it does not seem prudent to advertise oneâs valued possessions
I just bought a bunch today, and to withdraw from banks. It reminded me of going to banks.
BTC is the way.
I would love to jump on board to that, but I have a strong feeling that eventually it will have the same demise as other crypto. I know, I know... I'm gonna get attacked but with Bitcoin, you can't hold something in your hands.
Explain to me what happens to Bitcoin when we have a MASSIVE SOLAR FLARE and ALL electronics are totally wiped out. Don't tell me it can't happen. Unless you have it protected with a Faraday box/cage, your computers, cell phones & electronics are gone in a flash. WHAT THEN? If we are attacked with 30 CCP balloons with EMPs, and they do the same thing as a solar flare, what then? I would never invest in something I can't put in my hand. Call me old fashioned, I don't care. I want Gold, Silver, ammo, water & food.
Why not both? You cannot plan your economic horizon by factoring in too strongly absolutely marginal events like that.
I love silver. Love gold. Love ammo and Zastavas. Love Bitcoin.
YES!!! Itâs all about options and making your life anti-fragile.
Diversity!
If that happens the world is ending and itâs mad max time. Thatâs an extinction level event. Itâs much more likely that the we QE infinite and all fiat is so devalued so much people will flock to hard money. Gold is good, but Bitcoin is the best. NOT crypto.
But look at your current world. The one you live in. What is the most important means of information transmission? The internet. Whatâs the gold of the internet? Bitcoin.
Yea, it isnât permanent, but itâs got a long future ahead.
What makes it "gold of the Internet" besides a lot of people who own Bitcoin saying so?
It has no inherent value.
Gold conducts heat and electricity well, is malleable, ductile, beautiful, and reflects heat and light well. Used for jewelry, electronics, even in astronaut visors to protect them from glare and heat from the sun.
Bottom line: gold exists in the real world.
BTC's only value is present when there's a greater fool ready to buy it at a higher price than the owner paid for it. It's value is in the network of people and the architecture, not the thing itself. It's like the US dollar without a gold backing or without the full faith and credit of the US behind it (and without the most powerful military and government in the world). There's no there, there!
Not all crypto is worthless. Monero is prized for true online anonymous transactions, for example. Not to hold it purely as a speculative investment, but to actually use it.
Bitcoin has value for the same reason gold does
Because people agree it does
Thinking it's industrial uses gives it value is not honest. Those uses add very little to the price
It does have inherent value. The means of transferring wealth instantly without a centralized node.
You can't do that with gold. Gold has to be physically moved from point A to point B or you have to trust the bank is holding gold backing your gold certificates.
Both are good.
Both have different use cases.
Yes, the one benefit is more control on the user side (bypass woke financial institutions and rules), but I'll repeat:
That value is not in the "coin", then, it's in the open source architecture, i.e., the free idea. Without people participating (AKA a "network effect"), it's valueless because it can be replicated by any other digital coin that assumes a similar structure, which can be done by anyone with an Internet connection. The coin doesn't exist. It's just a name for a number on a computer. I could mint a "Buttcoin" token today with the same features in less than 30 minutes, and the only difference would be the number of "users" ("investors", really, because no one spends Bitcoin).
Decentralized transactions on a blockchain are not Bitcoin.
Gold only has value because there's "a greater fool" willing to buy it.
In case you haven't noticed, your argument is retarded.
5k years? You're kidding...right?
Humans only developed agriculture in 10000 BC.
As far as Iâm concerned, Human Civilization has only existed for 12000 years, thatâs barely a blip in geological time.
Gold and silver present their own challenges, like security, transport and finding people willing to accept it as payment otherwise you have to find someone to exchange with for fiat and pay a fee for the service. When you buy it you're paying a percentage over spot, are you getting that same percentage when you sell, probably not. Unless you just intend to horde it precious metals aren't as useful as currency as bitcoin.
Bitcoin is digital, there is no need to carry physical objects, there's no risk of being mugged, it's easy to divide up and you can send and recieve it to and from anywhere in the world very quickly with no middle man. You can also print bitcoin onto physical notes and remove it from the blockchain for storage, its even possible go send and recieve bitcoin through radiowaves.
What do you know about blockchain?
Its the technology bitcoin operates on and its what makes it secure.
Yep. Ammo, good firearms and raw resources will be king when that happens.
Don't forget equipment to produce ammo, distill liquor, brew beer, ferment wine and grow cannabis. Or feel free to stop by my farm. Bring bullion.... no trades, no folding money, no crapto.
All it takes to make Bitcoin worthless is to outlaw it
"All it takes to make gold worthless is to outlaw it."
See how stupid you look?
If all electeonics were qiped out by a solar flare whether or not bitcoin still exists will be the last of our worries.
Are we taking a worldwide solar flare at the same time?
Welcome to collapse town. Population, everyone.
At this point the only currency is lead. No one is thinking too much about shiny rocks.
Anything but a global solar flare, Bitcoin keeps running.
âOtherâ crypto is shit. There is only Bitcoin. The rest are fun little gambles or worse. Bitcoin is peer to peer, decentralized, requires a commitment of capital to âmineâ the Bitcoin out and was the first
Those are what make it so important, resilient and fair.
No central bankers. No government that can print more and more. No pre-minting a stash for your buddies to get rich. And actually backed by the expenditure of energy.
Itâs not the only thing, gold is still great too but I think itâs also pretty great as well
Excellent, concise explanation. Weâre just trying to help our fellow patriots become more resilient.
A bitcoin represents 40,000 kWh of electricity pissed away forever
Itâs not pissed away forever. It was used to power the most powerful network of decentralized computation on earth. For scale, thatâs more power than 100,000 googles.
Power is money.
I feel like I remember Newton saying something about energy not being created or destroyed.
Did he say anything about it being stollen?
1 BTC is 20-60k in USD value. Mining 20-60k in gold uses a shitload more power than that.
Energy is what secures the network. Proof of work.
Have fun with that when the grid goes down.
Absolutely marginal event. Should factor only marginally into your calculus. Also when the gridâs back up so is the blockchain.
Last happened in 1859. Look up The Carrington Event. Could happen again tomorrow. It probably won't matter if you have bitcoin or a basement full of silver eagles at that point.
Water, food, medicine, ammo
Food storage devices (mason jars, lots of lids, big pressure cookers, salt, etc).
Bitcoin is not sustainable.
Lost coins are lost forever. It's part of the design.
The system is designed to deflate continually until it dies.
Have fun.
Wasn't it built just to last until quantum goes mainstream? As I understand it, it's not mean to last forever, it's just 5, 10, 15, 25 years of free-markets. And as we've seen so far ... what happens is amazing! Who cares if it's sustainable or for how long, as a proof of concept ... it's brilliant. I can't think of a better way to show just how much we LOSE when the system is manipulated by comparison to a system where economics can reign a bit more ... free.
A lot of idiots think it means the blockchain or internet is just deleted if the grid goes down. That wont even happen in an emp at this point.
The grid goes down, it goes down. It ALL goes down. And it stays down. And things turn to shit soooo fast, nobody's maintaining anything anymore.
You might resurrect your blockchain afterwards, but nobody will care. You won't have workers to come work for you. You won't be able to pay them because nobody will be buying anything from you, especially nothing digital, and it snowballs.
You know what people do in an emergency? They go home, they deal with the things that are important to them. They take care of them and theirs and then they'll deal with you.
This has been tested in hurricanes and other massive natural disasters. It's not speculation. The world goes on and you can keep trading your blockchain in other parts of the world. But in the shit, nobody gives a rat's ass about servers, they're too busy taking a shit in a A HOLE... literally. And that ... cascades.You don't get cops, you don't get firefighers, you don't get medical, you don't get food, you don't get any kind of industry, even BARTERING shuts down.
All you have is what you put together and what you can do. Afterwards, when civilization is restored, yeah, you can retrieve your blockchain and start doing whatever it is you do. But if the GRID takes a hit ... oof. You ever see a grid take a shit with a rocket barrage? You think the iraqis bathed in sewer water because they're dirty people with tepid IQ? Everyone thinks that until they're the iraqis. Then they bathe in sewer water and wipe their ass with their hand.
Take a trip to one of these places in an "event" and you'll see for yourself what it comes down to. You don't have to believe me lol.
Or.. the grid goes down... then comes back up bit by bit in a matter of weeks... or months... You are only guessing.
I'm not guessing. You're just being argumentative. Transformers are a known issue. And what happens in crisis is not ... a guess. You've seen it play out. Maybe you haven't, but I have. I've shit in the ground enough times in my life to share with you. But it's okay, people who spend all their lives in the city on their computer don't need the kind of things I'm sharing with you. It doesn't apply TO YOU. But for others who can understand what I'm saying, it's relevant. Just like it's relevant what you're trying to say: while civilization is rolling, so does the blockchain. I hear what YOU'RE saying. Now put your ear to my outhouse and hear what I'm saying.
Not everyone lives in a metro area with stable state actors, a stable geological foundation, stable and mild weather patterns. Not everyone is you and hopefully you never have to shit in a hole in the ground. I certainly hope you keep trading in your blockchain and get richer, as you deserve. But life doesn't always give people what they deserve. Sometimes you live in turkey and you go to sleep in the evening and when people wake up in the morning, all that's left of you is a shoe. And nobody's trading blockchain because they're trying to dig what's left of you form the rubble. That's all I'm talking about.
Youre literally guessing.
Iâm still shocked the community here hasnât been orange pilled yet. Separating monetary policy from the state is the single best thing for liberty to flourish
Well Bitcoin costs too much for transfers. Currency needs to have its value well understood, it needs to be easy to use, and it needs to be widely distributed.
Too much crypto is held back by transfer fees.
Also, how the fuck can I throw Bitcoin at a stripper?
Don't throw money at strippers. They need to be out of a job.
Queer
Simp
Supporting strippers is supporting degeneracy. Women shouldn't be stripping for random men.
simp
Make it hail
I've been educated on this so allow me to share how it's done.
You whip out your um ... plastic and you slide your Visa auto-conversion btc to usd in her ... payment processor. You lose btc and her net worth gets ... aroused, in dollars. Then you go home and jerk off before your next shift.
You are talking crazy. BTC transactions over the lightning network are fractions of pennies and near instantaneous.
I've only heard random references to the lightning network. No idea what it is.
This coming from someone in tech. Now the average conservative hardly understands what a website vs an app is.
Imagine getting them to use it.
It's a protocol on top of Bitcoin that allows for peer to peer transactions. To send transactions through Lightning, your node opens up a channel with another node by prepaying the maximum amount of Bitcoin you want to exchange to that node on the Bitcoin network. Both nodes keep track of how much Bitcoin they've exchanged with each other on the Lightning network and square up whenever either decides to close the channel. When the channel is closed, the other node keeps the amount of Bitcoin sent to it and returns any unspent Bitcoin back to you. You can sort of think of it like opening a tab or prepaying for gas.
In addition to sending directly to nodes you've opened channels with, you can also send to the nodes that they've opened channels with and to nodes those nodes have opened channels with and so on.
It works in the opposite direction too and any node can open a channel with you and send Bitcoin to or through your node.
Most people don't really need to know how it works. There are plenty of apps that use the Lightning Network to send Bitcoin without the user being any wiser, including the Cash App, Breez, Alby, Bluewallet, etc.
Good point. Iâm just a blue collar worker not in tech at all, but Iâve put in the time and energy attempting to understand our corrupt fiat monetary policy and researching solutions/insurance policies against it. Bitcoin seems to be the best option. We are all on âteam liberty â here and Iâm just trying to help.
Sadly most conservatives are going to miss out. They're too suspicious of anything tech to see that Bitcoin is categorically different from something like Google, and they think it had to have been created by an alphabet agency (as if those fags could be so innovative).
Best case scenario, Bitcoin and lightning get built into the infrastructure of already established industries and most people just go on living without realizing their life got way more convenient, like that time long distant phone calls became free because of VoIP.
Yup, they will complain about âthe systemâ but when something comes along that could transform society (Bitcoin) they wonât do the work to understand it with intellectual honesty. Imagine a world where money cannot be printed and the government cannot confiscate your wealth.
You dont know what youre talking about, frankly.
This is a common complaint.
It's cheaper, faster, and easier than traditional banking.
It's not. None of the decent banks charge you fees. They even give you ~$500 with each new credit card sign up or $200 for checking / savings. Transactions are free and get cash back. You can transfer money instantly or in a couple days, worst case. If there's an issue with a lost card or fraudulent charge, they handle it.
If you lose your crypto wallet access, all that money is gone forever. It's estimated 20-30% of all paper wealth in crypto is inaccessible. Hilarious.
They don't charge you fees for keeping your money because they are using your money to loan it out several times over and make money on your money.
That's not free. You are paying for those services. You are paying for it in loaning the bank your money and assuming the risk while the bank gets all the benefits.
Transferring money is not free. Especially if you have to transfer overseas. It costs a ton of money to support that network, and it can take up to a month to settle.
Bitcoin does it for fractions of a penny within seconds.
Even after the recent bank failures Most people donât understand that the banks buy bonds with your deposits. Then when the fed raises rates, those bonds get devalued. When the people want to withdraw and the bank is forced to sell the bonds at a loss it creates the snowball effect of a bank run.
The lack of understanding how our banking/monetary system works in this community is alarming. When something is âfreeâ you are the product!
The economy isn't zero sum.
Everybody knows that. You're acting like you're dropping knowledge that a bank isn't some child's idea of a sea of dollar bills, each one accounted for. None of us have the time or network or skillset to make the kind of money with your money that a bank does to stay operational. That would be another full-time job. It's a hell of a deal.
FDIC makes bank deposits risk free, anyways. If you have too much money (over $250k), you split it up between accounts or buy treasuries.
BTC average fees have hovered around $1 for transactions, so that's another lie. Lightning network is pennies, maybe, not fractions of a penny. It's still worth much less than what the average bank offers, without the risk of being locked out of my account permanently like the significant portion of crypto "wealth" that is lost forever lol
Ok. You do you. Enjoy embracing the fiat system. There is too much debt to ever be paid back. Eventually the fiat ponzi will fail and itâs QE infinite. Itâs just math. Thatâs why Iâm advocating for patriots to convert a portion of their fiat into BTC (not other shitcoins) as an insurance policy.
There's no such thing as "risk free banking" all it's doing is diverting the risk to unwilling third parties, by force.
You can send billions of dollars for fractions of a penny on the lightning network. If you want to quibble and say "no, it's actually a penny" then your argument isn't looking so good.
Finally, it's such a retarded argument to claim "but I can lose my crypto" as if that's a meaningful argument. As long as you maintain your keys, you can't lose your crypto. However, gold can be stolen. Bank accounts can be raided. Dollars can be burned. You have no point.
International wires are without fee for me.
No, they aren't.
The firms that control the transactions could easily be bought out and consolidated to enable replay attacks.
The government could simply gouge out the eyeballs of people that use it. People would panic and the price would crash regardless.
This guy gets it.
They have a thousand excuses for why crypto isn't the way when what they really mean is " I don't understand how to buy it and I never bothered to try to because it would involve a slight effort."
Theyâre used to the chains they think they need them.
Bitcoin is worthless if it is outlawed
No, it's not, dummy.
You will never beat the cabal using cabal-written software running on cabal-written OSes running on cabal-produced hardware sending signals encrypted using algorithms the cabal gave you out of the goodness of their hearts and definitely not to make it easier to surveil its adversaries (you and I), over the cabal-controlled internet.
You're just not. It's a completely uneven playing field.
Much of what you describe as cabal created was actually created by small communities of enthusiasts with nothing but good intentions. But I understand your cynicism.
Every silicon valley company was given DARPA funding to produce a piece of whatever theyâre building (some call it âthe great workâ). None of it was organic.
All crypto software is based on satoshi âthe spookâ nakamotoâs work. Itâs all fruit of the poison tree.
All cryptography was given to us by the cabal. The math might be sound (might be, you and I will never test it fully to be sure of that). But every implementation has been compromised.
All software including open source software is compromised. It wouldnât matter because so is all the hardware. And they also listen to all internet traffic and can decrypt it after the fact at any time later on.
Yes, many who participated might have had good intentions but the fact remains itâs all DARPA projects with undisclosed conditions on their âVCâ funding. Besides that, our adversary once bridged an airgap at an Iranian nuclear facility with a virus that spread via sound. The virus spread worldwide undetected before deploying its payload, a virus custom written for industrial uranium enrichment hardware. Theyâre ahead by a century, all this AI stuff coming out lately isnât new they had it for years we probably both have argued against AI bots using that tech.
You cannot trust computers.
Maybe you are an AI nanobot from the future developed by DARPA designed to spread fud and prevent patriots from escaping the fiat matrix. I canât trust you. Youâre on my computer.
You shouldnât trust me.
I like you, your tinfoil hat is even bigger than mine. Have a good night!
God bless
Stuxnet was delivered via a thumb drive by a human asset. On what basis of evidence are you claiming it spreads via sound?
Youâre right it was BADBIOS.
https://arstechnica.com/information-technology/2013/10/meet-badbios-the-mysterious-mac-and-pc-malware-that-jumps-airgaps/
Either way, we are outclassed. They have computer hardware and software knowledge that is a decade or more beyond anything we have. Why enter into a fight with the cabal in this arena, when you can just trust in God and buy gold and silver?
Everyone gets BTC at the price they deserve.
Everyone who holds crypto becomes a crypto salesman.
or woman...
Sorry but no.
Gold has never lost 30 percent of it's value in a year.
BTC has lost a hell of a lot more than that within a few months in the past. It's possibly the most volitile investment you can make. The government could "ban" it anyntime by making it illegal for banks or businesses to accept and exchange it.
It's already banned in China and India and several other smaller countries.
I can only imagine it hasn't been banned in the US yet because they are trying to groom people off of cash and into going digital. I could see them allowing BTC to punp and then making it illegal but offering people a one time opportunity to exchange into a USD crypto coin and then they have total control over you. Give up your fortune in BTC or give up your freedom? Sadly most people would choose the money.
I don't see them ceeding control of the monetary system to Bitcoin no matter what.
Theyâd never ban gold..,âŠ
They banned gold and the dumb asses gave it to them. The smart folks shipped it out of the country and we buy those coins today.
Can't be banned. You know China has banned Bitcoin 50 times? That's just another way of saying they're having trouble actually stopping people from using math to send value.
There is quite literally nothing to ban. If they stop regulated companies from touching it, guess what, it goes fully black market. Doesn't matter. It will still function for anyone who wants to use it. Tick tock next block. The faggots are completely checkmated.
How will you pay your property taxes in BTC?
Well...I guess it depends. In some places that's already legal. So I'll do it extremely easily, in a fair and transparent way.
But if possible, I'll render unto the faggots that which is theirs, and I'll keep my BTC. Gresham's law.
They find you used it for a transaction because you talk about it online then gouge out your eyeballs
Sure they could, but that's not a scalable enforcement. If my overlords got that desperate and tyrannical, I would memorize my twelve words and leave the country with my entire net worth in my head. That's something you can't do with any other asset, especially gold.
Doesn't need to be, just needs to be quick and brutal enough to cause a panic.
And you would be exit banned. That is scalable. And I have better odds of escaping an exit ban than you do. With gold I can bribe, with your 12 words you can't.
I guess that's why the war on drugs has been so effective.
It hasn't been banned because it can't be banned.
Short term thinking means long term losses.
In the past 10 years, Bitcoin has gained 41,748%. Gold has stayed at 0%.
Outlaw Bitcoin and it becomes worthless.
LMFAO. No it doesn't you moron.
Gold has never been worth 20k either.
Nor has it gone up 7x in 5 months.
Gold hit $2009 five days ago, I posted it but the mods just went meh... REEEEEEE!!!
Who the fuck is buying gold? lol
Yea this chart needs to be zoomed out 100 years. Even with multiple recessions and a depression the DJIA crushes gold
âThrough the end of Jan, 2021 gold returned around 9,500% while Dow Jones return exceeded 52,000% over the last 100 years.â
Exactly!
Boomer doomers
$2001.925 = soaring?? đ€Łđ€Ł
It was 1700 last time I checked it a year ago? I get what you're saying but by now, it already paid for its minting premium, no? Usually, you have to wait 5 or 6 years before it gains enough value to cover that piece of shit fee. You're right, but as far as gold goes, that's as high as that lame duck will fly. And if people kept it in dollars instead of gold... read it and weep, I guess? If you factor how much the dollar lost and compare it to your mint fees already being paid off in a year ... very very tempting, wouldn't you say?
I don't know if you usually need to wait that long, price has been fluctuating over the past few years. But yeah I wouldn't use those words from the article unless it went significantly higher than $2000k. It just peaked over.
Gold has not kept up at all with inflation which is its main promise. Itâs a joke.
It was a little over 1800 2 weeks ago. 10% return in two weeks is pretty damn good.
Doesn't make sense that they print a trillion dollars and the price of gold and silver don't skyrocket to match it.
Love my metals. From aluminum to gold. I even hoard copper pennies.
Gold never gains in value.
Money only loses value constantly...
Gold the original cryptocurrency
Aw yeah.
Given most of the financial comments here, I bet many here think that means it's a good time to buy.
And btc is pushing 30
Dead cat bounce. Computers are 100% cabal-controlled. You'll never beat them using one.
You've been saying dead cat bounce for 10 years, faggot.
That's one spry dead cat.
The bitcoin haters are just salty that they missed the boat due to their stubbornness.
Weâre at the end of a 120 year money printing scheme. Iâm talking big picture and youâre looking at quarterly returns.
No, you're the one stuck in short term thinking.
Bitcoin changes the whole system. It's the greatest advancement of liberty since the Founding.
And morons like you don't understand it, so you lie about it.
Which of the things that I said is a lie?
Just about all of it:
(whatever the fuck that even means)
I could go on... but suffice to say, you lie like it's going out of style. You're a glowfag in a can.
You donât understand what I said yet call it a lie?
The math behind modern encryption might be sound. Might, because you and I will never test the math, so weâre both just trusting the experts.
However, the implementation (i.e., the code to implement the math behind the encryption) is where even the most mathematically sound encryption algorithms fail. Itâs my view that there are intentional backdoors in the implementation of every encryption algorithm the government ever gave us for free. Youâre a naive faggot if you think they gave you the ability to hide messages from them.
Going to downvote you btc bros for being complete and utter assholes 99% of you, even if you're right. You're both right, but he's uneducated and you're just an asshole.
And what is it used for?
I see a point in Monero, for example, to enable true anonymous payments, but people don't buy or sell things in BTC, they just buy it because they think someone else will want it more in the future.
They've been right so far.
One major reason people donât buy things in BTC is the tax treatment that requires tracking purchased price and capital gains. Coupled with lack of privacy, it doesnât really make a fantastic cash replacement. As a store of wealth, better, so far, albeit with oodles of volatility.
That's not true. People have been using BTC for "discrete" trades for a LONG time. Lawyers, hookers, and uh... others were some of the early adopters once the nerds opened it up. And now, with VIsa having officially created the auto-convert cards, you just have to worry about taxation on the exchange again but... you can now buy and sell things because there IS no difference between usd and btc with the visa card. Don't feel bad, I said the same thing you did a year or two ago and it turned out the auto-convert had been up and running for several years prior. It's not as popular because people don't want to pay taxes which is why I suspect it hasn't really hit it off. Few want to transact and get buttblasted by the gov later with unstable policies. Its why I ultimately decided not to use it even after I was set straight by some fine pedes here.
Sure, in the early days, it was the closest thing to anonymous payments, but it has always been and remains only pseudonymous. Everyone can watch every wallet; they only aren't given a name for that wallet's owner. If the government or an interested party cares enough, you can be uncovered.
I don't get why you'd use a VISA card to spend crypto, when the sole benefit seems to be not having a middleman that tells you you're not allowed to make a transaction you want to proceed with.
That does seem to be the best reason for adoption of crypto, though, is Monero for anonymity and total control of however you want to spend your money. Maybe sometimes accepting the poorer privacy of Bitcoin in exchange for faster transactions. You just have to convert it at the last second because every coin is 100x more volatile than the dollar. Holding it seems nerve-racking because you'd never know what's in your "checking account". We take the relative stability of the dollar for granted...
You're right, but you need to buy food sometimes. So you use the card. You don't have to make it complicated.
Got a little, wish silver would boom. That Asian dude in glasses has been promising me for years. đ
In 50 years you made 30% congrats
Lol gold people are so dumb. There is nothing you can do to convince them.
10 years ago it was $1500 an ounce now getting close to $2000 that's a fucked up return could of made more buying blue chip stocks.
Could have made more buying almost anything else.
finally! oh wait is this a yearly thing now?
But can it go higher?
Didn't the Russians just get back on the gold standard?
alwaysbeen.jpg Even when the bolsheviks were getting trains of gold to do what they do. Ah... now we're jogging history lessons!
Smart folks bought years ago.
DCA into BTC, gold, firearms, and the most important thing â your health. Donât buy crypto. Get BTC and take self custody (donât leave it on an exchange)
Great advice, but you left out silver, my dude. If you havenât yet, take a look at the historical gold/silver ratio. In that context, itâs quite a bargain.
You are correct. Silver also. I have indeed read about the gold/silver ratio. Some of the ways it has been manipulated in the past is fascinating.
Buy dividend paying ETFs
Buy various PMs and crypto as well. Anything but fiat.
Ben Shapiro must be soooo happy
Never trust the markets.
Is gold worth any more than it previously was, or are our dollars are just worth that much less?
So all those commercials about "BUY GOLD NOW" were right. Fascinating.