All paper denominations throughout history end up worthless. I still have pre-1984 thousands of Mexican pesos and they are all worthless. I also have currency from the Khymer Rouge-- also worthless. The demand for metals is high because every one believes Biden's going to destroy the economy. Digital currency has been pretty unstable compared to metals. If you want to distribute your assets and to diversify from paper denominations in to metals, and the hold-up is due to a back log, you might want to sink your investment temporarily in 'something' else to preserve it's value until you can buy metal.
>"Once the wheels come off this buggy, what happens to the dollar? Aka petro dollar?"
The dollar is petro-based. However, Trump mucked things up for them and their 16-year plan. The collapse of the dollar has been their plan for a long time through expanding and contracting the money supply. Back in the early 1990s Ron Paul was predicting the inevitable collapse of this great Ponzi Scheme known as fractional reserve banking. No one knows exactly when this will occur. The dollar will be the last of the world currencies to disappear. I only say that because it is the reserve currency for the rest of the world. Even the Great Reset isn't 'ready' to be launched. This is because the carbon tax has to be implemented for the new world digital currency to be implemented. Americans are opposed to a carbon tax. This is why Climate Change is being promoted. Under it's guise, it makes the carbon tax more implementable. They have their work cut out for them. It's not easy to destroy a giant economy with out making the 'natives' restless first. This is what Biden is being told to do though by the central banks.
Thanks for dismissing and down voting my comment below, that aside here are a few facts. Gold has less intrinsic value to the world than oil, natural gas and the production of energy. In one form or another future currency will be based on energy production, end of story and end of fantasy to you gold goblins.
Another fact, block chain technology prevents fiat money creation, laundering and fraud.
Knowing these two facts, where do you predict the future going?
Edit: It scares the shit out of me but I am just reporting the facts as I see them. Would you throw 1.5 billion at your beliefs? Musk did.
Not sure you're commenting to me. But... I havent down voted you.
not you
I'll take history as my guide. Gold and silver have always had a consistent value. In the Roman era, it was said that an ounce of gold would be a very good suit of clothes. Today, it still holds true.
There's many things that have more intrinsic value than gold. But, they tend to be 'flashes-in-the-pan' and will never have the consistent history of stable, high value as gold. I'm not sure what your meaning of "intrinsic value" refers to, whether it is 'demand', 'volume' or 'price'. Gold is $1838/oz. and Oil is $58/barrel. The Petro-dollar has been a failure. The demand of oil goes from over-production to under-production; going cyclically from glut to boom, boom to glut. The entire oil industry is run by the same families who are in the fractional reserve banking system operation. The fractional reserve banking overlords want to control energy. This is why people are getting arrested and their homes confiscated for being off the grid. Look at Antelope Valley in LA county for evidence of their intentions. As long as we are dependent on their power grid, this benefits them and not us. Energy technologies have been concealed, inventors murdered, and patents stolen. It's so bad there are listings you can find on-line for murdered inventors. investigating the **Invention Secrecy Act, then become familiar with 35 U.S.C. 181; the so-called -- Secrecy of certain inventions and withholding of patent. Thousands of censored and confiscated patents have occurred over the years. The U.S. Patent office is where ongoing corruption occurs since the Rothschild banking cartel has gained complete control of it. Surprise. Surprise. Why does the U.S. Patent office use a provision allowing them to slap a "national security" gag order on a patent application? Many energy technologies have disappeared through this means. There were an accumulation of 5,579 Invention Secrecy Orders in effect at the end of fiscal year 2015. In that year alone there were 95 new secrecy orders imposed. Only 36 prior orders have ever been rescinded.
What is the total number today?
Did you know in 1971, energy conversion systems were subject to review and possible restriction if they offered conversion efficiencies “in excess of 70-80%.” How much has changed from that time to the present? Automobiles today still get approximately the same MPG as in the 1930s. The only technology that has drastically changed are the computers; so-called "Smart" technology, which is really a euphemism for a Spy Device.
Be careful on what you wish for. FRS overlords control far more than may be realized. 10 years ago who would have thought the Internet would be controlled like it is today?
Now rhis is a well thoufht out comment. Thx. I wonder tho' why Musk is taking bitcoin as payment? Is this a push to force digital currency? When gold and silver bouce big, currencies will drop.
Interestinf thread.
Good question. I really don't know. However, there's far more behind the Elon Musk story than many people know. If I remember correctly, his father was a heavy weight in the Intel community. Intel agencies, like the CIA, create the Zuckerbergs, Bezos, and Gates as heads of front companies to influence the public policy and social engineer. It appears the 'marriage' between Intel agencies and these corporations are for establishing a world Fascist government that is totalitarian in nature. Elon Musk is a 'front man' for a "front company'. His start with Tesla is a very similar story to the Zuckerberg story. In fact, Bill Gates is yet another similar story.
I don't trust Elon Musk because of his 'curious' history. What is Musk doing investing in Bitcoin? Is this a case of the Pied-Piper leading the sheep to their slaughter? Does Musk strengthen Bitcoin by his large investment? And if so, what does this mean? Who controls Bitcoin? Who are the movers-and-shakers behind it? Is this to help strengthen the fractional reserve system digital currency (Great Reset) so that people are more accepting of it when Bitcoin is outlawed as in China? Relate this to FDR's 1933 gold confiscation, in which everyone was ordered to turn over their gold in turn for a nominal value. Will the same happen to Bitcoin and other digital currencies?
And if we couple this thinking with why "starlink" is using 42 THOUSAND sats. It dredges up some uncomfortable questions.
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