Gold is Money and Wars Are Fought Over It. I Hope an Alternative Money Can be Available Soon.
Now What If We Could Slowly Retire Gold?
Bitcoin is the Answer!
Link to Bobby Lee's Tweet about Gold and Bitcoin
If You Don't Own Gold or Silver I Suggest You Do.
Bitcoin on the other hand has a much greater opportunity to provide you a wonderful future. I buy Bitcoin regularly, earn Steem on Steemit which I can convert to Bitcoin and earn Bitcoin by providing services. You can do the same.
Gold seems to be super manipulated. Would like to see silver breakout however it has been less than exciting the last few years . Bitcoin seems interesting . I am watching . Thanks for the post.
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It seems like they are struggling to suppress the price, past year or so. Record number of short positions with a low price already. https://www.sprottmoney.com/Blog/econ-101-silver-market-manipulation-craig-hemke.html
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Yeah its realy unfortunate that the spotlight shifted away from silver to Bitcoin/Steem...
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Disclaimer: I am just a bot trying to be helpful.
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If only more people understood what real money is. Gold! And that is Gods money so we should all have some. It's only going to go up in price once they stop manipulating the price.
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Gold and Silver are way undervalued. They are manipulated too. What do you think the true value actually is?
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As long as they are so manipulated we will never know. All I know is that Silver should be much much higher. The natural rate of 10-1 vs gold is a good start.
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Look at the US debt clock http://www.usdebtclock.org/ and see this:
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Nice I like that image. If that were true or realized though milk would be like 300$ a gallon. We would all be fine cause of our investment but the world won't function well enough for us to enjoy our selves.
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Whata hell!? The world is "made of gold" literally!
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money traditionally has been gold or silver. All the rest are currencies or something to make a current transaction, hence the name. If what u are transacting doesn't have intrinsic value or repressent something with real value, then it can not be called money, but would be considered fiat currency. So when we speak of money, we shouldn't confuse it with fiat currencies.
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Great infographic! Who knows if the US really holds all of the gold they are claiming in Fort Knox!
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I highly doubt it. We won't know until there is an audit done.
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I am skeptical one ever will be done..
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gold amazing
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LOL, I didn't knew Indians are the biggest consumers of gold. But, I guess it is totally true. Here in India, we say that once upon a time India was knows as "The Golden Bird", because of the massive amounts of gold produced and used in India. Then one by one many invaders came and took away all our gold. Now we import the same gold back to India. Funny isn't it!!
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I heard some talk recently that the government was talking about confiscating gold from Indian citizens around the same time they were eliminating some of the higher currency denominations. Is that true?
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No, the govt. never touched the gold. But yes, they did ban some higher denomination currency in order to limit black money.
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Huh, this is really interesting... Is this how you fund all of your expat living?! Amazing...
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cool graphic. And, I hope to join you one day as a expat.
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I think its becoming common knowledge that paper contracts are suppressing the price of gold and silver. However, if you look at the long term charts, there is a steady trend and the suppression appears to be a blip on the radar. I also hear that bitcoin can be a good shadow measure of how gold would behave if it were not manipulated. Good article!
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Great info graphic! Bix Weir would probably disagree with the amount of above ground gold though...
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Or Steem is possibly the answer, almost no ressource comsumption when dealing with Steem, even compared to Bitcoin.
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crypto will never replace gold. You can't hold cryptos in your hand.
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