Yeah I know, but crypto isn't a hard asset. What are you gonna do when the fed wipes it out?
Of course I guess with enough guns they could confiscate gold.
I'm solidly with Peter Schiff on this. And as you may know Schiff and his kid are at loggerheads over bitcoin.
My kid loves bitcoin as well. And it's a great concept, to free yourselves from the system. But it's not gold and gold is the only real wealth asset. Gold is for wealth preservation.
It is God's money and has been valued as wealth for centuries and that will never change.
Why not at least have some gold, maybe also some silver?
You may or may not be interested in 'freegold,' the concept is explained here but you gotta put your thinking cap on. When gold will be freed from any paper peg and float freely across the world and be used 'freely.'
https://ingoldwetrust.report/wp-content/uploads/2019/05/IGWT_2019_SPECIAL_Freegold_EN.pdf
I understand it to a degree but not as much as others who are brainier than me.
Fed can't wipe it out. It is Decentralized.
Gold isn't a wealth asset. As I said.
Very little use among people.
It's no longer rare.
And it can easily be seized. Large heavy and detectable.
Crypto is stealthy.
But we both face the same issues. The enemy is looking for ways to destroy wealth storing. With gold they have succeeded. Crypto has been hammered by Whales and bait currencies but proving extremely resilient.
Talk to hyper inflation survivors from Venezuela. Crypto was a huge savior for many
I hear your points, have you seen any debates, mainly with Peter Schiff, about gold and bitcoin?
We can agree to disagree, but you're right, we fight the same enemy / enemies.
Peter schiff is a salesman.
He has been selling gold on youtube since before it took 10000 bitcoin to buy pizza.
Gold was worth $1300 and has since doubled Bitcoin 30c
But the kicker is that the usd has been inflated 600% Gold if anti inflation would now be worth $8000 today.
Housing is certainly anti inflation.
It's all artificial. The fuckers are manipulating the price of everything as they want to own it all
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