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That's interesting. That suggests it might be better to invest in collectible gold coins instead of bullion coins, provided collectibles are again exempt from confiscation.
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The only thing to be careful of is just because they did it once does NOT mean they will do it again. This great hoax showed law makers just how far they could go and people would just take it. If they decide to take gold again they could EASILY just say give it up or else no matter what form its in. Its all in how far people are willing to let them go. So far the masses have showed law makers they will lay down and do as they are told sadly.That's interesting. That suggests it might be better to invest in collectible gold coins instead of bullion coins, provided collectibles are again exempt from confiscation.
That is a sales pitch used by dealers in colectible gold coins. However, you have to consider the considerable premium over the price of gold you would pay for collectibles.That suggests it might be better to invest in collectible gold coins instead of bullion coins, provided collectibles are again exempt from confiscation.
$30 trillion in debt and no slowing down, it's about done.I don't believe that.
Once the US dollar lose its status as the most popular reserve currency in the world.... yeah.$30 trillion in debt and no slowing down, it's about done.
We are printing to pay the interest on the debt , a debt we can never pay yet we borrow trillions more. It's a kind of economics that only governments can do, rob the treasury and print up all you want to spend and have the Fed as the middle man to say we are all good.Once the US dollar lose its status as the most popular reserve currency in the world.... yeah.
Things will come crashing down globally, with 5 U.S. Territories, 7 sovereign nations (including the US) having the Dollar as the official legal tender, and the 65 nations who peg their currencies to the value of the Dollar.
Edit. Actually, the event where the US dollar lose its world reserve currency is very likely going to either start, or ends from a global war, a true WW3; not the little petty saber rattling/ME adventures but a massive global campaign against the US
Ummmm….read my post again. Nobody said anything about a monetary system disruption but you and your fantasy of world collapse…where you think you're rich because you can afford beans and bullets.lol with any type of monetary system disruption or collapse of any sorts the beans and bullets will actually be worth something. Your millions will just be post-it notes without the sticky back.
Who sets the price on PMs?Gold will always be king if there is a global meltdown, I try and buy about 15k every year, mostly Maple Leafs and Krugerrands, also some Swiss 1oz gold bars, it has only ever gone up it price, I wanted to get into crypto but just could not wrap my head around how nothing is worth something????? It now seems to be tied to the main money markets and stock markets, its day traded just like any other futures.
CCP is pretty smart to have two currencies, that way the globalist can't control them. Use the Yuen for international trade and if it fails then China's people still has a working currency, the Renemnbi.Right now, the Chinese Yuan is the 8th most traded currency, with a large market share, yet as a reserve currency; its still only 2.5 per cent of global foreign exchange reserve holdings. China's Yuan has a long way to go before it usurps the US Dollar as the "world's Reserve currency"and is facing stiff competition from the Euro, Japanese Yen, British Pound Sterling, Canada and Australian dollars.
The Renemnbi is the Chinese domestic currency. For trading purposes and reserve currency, its still the Chinese Yuan that's used, apparently.
Greatest robbery perpetrated on the world was to allow derivatives to be used as financial instruments. When anything could be called a financial instrument its an open door to theft.In 1973, the Bretton Woods system of fixed exchange rates was basically abolished, putting exchanges into floating rates. According to the IMF ( ) the US Dollar was "overvalued" when it was fixed to gold values.
Edit. This helped China more than it hurt the US dollar. Crypto was seen as a potential replacement for the Dollar but........... its too unstable at the moment.
Treasury bond yields are still "over 0%" but there's the issue of inflation as you say. If there's a massive "cash out" of treasury bonds? Then the american economy is done. So far officially, the economy is "looking strong for 2022" and the GDP is "looking good" never mind that people are losing jobs, security, homes, never mind that credit companies are tightening their policies, never mind that the job market is way off...Greatest robbery perpetrated on the world was to allow derivatives to be used as financial instruments. When anything could be called a financial instrument its an open door to theft.
What backs a crypto currency, not a thing, not even paper yet its being sold the way the tulip trade was in that someone tells you crypto is of great value. It is but only for the seller.
$30 trillion in debt and 8.5% inflation, we don't have much time left.
Common sense mixed with history give a far better truth than what we are told. Simple comparison tells us what has real value over what we are told is a value. Is crypto a commodity or a physical property that can be used for something or consumed? Yet those who work day and night to separate folks from their wealth useing fear and greed as a tool are selling crypto.Treasury bond yields are still "over 0%" but there's the issue of inflation as you say. If there's a massive "cash out" of treasury bonds? Then the american economy is done. So far officially, the economy is "looking strong for 2022" and the GDP is "looking good" never mind that people are losing jobs, security, homes, never mind that credit companies are tightening their policies, never mind that the job market is way off...
Any, and everything can be monetized, used to make money and used to create "income". Look at Non-Fungible Tokens (NFT), its basically the art world tied to cryptocurrency and just as meaningless to those who deal in physical goods and services, but its apparently an excellent way to create "wealth" and monetizes nothing physical.Common sense mixed with history give a far better truth than what we are told. Simple comparison tells us what has real value over what we are told is a value. Is crypto a commodity or a physical property that can be used for something or consumed? Yet those who work day and night to separate folks from their wealth useing fear and greed as a tool are selling crypto.
Fear and greed are great tools, it's what runs America now.
In a total Communist run world . How does one own the Renennbi or even property of any kind ?When we crash the world will go to the CCP version of currency, the renemnbi. Simply because with the reset communist will run the world.
Not picking on CaveDweller - it's a valid question.The first thing I'd have to ask is, why is this a concern?