https://www.google.com.sg/amp/s/www.coindesk.com/tether-usdt-russia-china-importers?amp Did a search on tether and this came out. Scary isn’t it? People don’t care it is backed so it probably isn’t backed. Just wonder what happens if you sold tether for bitcoin or cash on an exchange, and if there’s fraud in tether discovered later can the government do a clawback the proceeds? Once investigation starts and the government has access to all transactions, the taxman will have a busy time.
Sorry, I'm confused, I thought this was a SILVER THREAD. i.e. "What's the future of silver look like to you?"
Yep, SORRY 'bout that WILLIS. That will be O.K. so long as you don't get caught with the perceived value item one long weekend.
how will getting caught with silver or gold help you are they are just a precieved value item -- and are no longer money in any sense of the accepted term
Nope it's not considered money and has not been for a long time it's no different to any other asset You don't see me digging up a bucket of dirt off my property and trying to buy groceries as land is real money
There are countless alternatives for silver : - industrial: graphene or other metals (like copper as a conductor) etc. - investment/jewelry: gold, platinum, white gold etc. Silver is less "fashionable" (unfortunately) nowadays. In other words, people know even less about it than about gold and they make a lot less silver knives and forks, we don't really use it for ordinary "everyday" items (except for electronics, of course...). In most countries you can't buy and sell silver. I don't know if anyone would buy your silver in Macedonia, Bulgaria or Guatemala. It's mainly an investment asset in the Anglo-Saxon world, the Chinese world (China, HK, Singapore), Germany... but the rest of the world it "immune" to silver. Yes, silver is a vital industrial metal, but with so many economies (and entire industries) going down (China, Germany, UK), then the industrial demand will go down as well. If the electronics/energetics/automotive industries collapse, then it will hit silver. If I check the prices, I see Platinum: 855 $, Gold: 1526.20 $, Silver: 17.40 $ Could Platinum be the new opportunity? It's roughly at half price if compared to 2010-2011 prices per ounce. Just contemplating...
i dont like platinum long term its uselessness is in catalytic converters which wont be needed when electric cars take over and all the old units being recycled will tank the price
Yep there are no replacements. That's why theyve stood the test of time. We should consider ourselves lucky to have first dibs before the sheeple wake up.
I had been avoiding it too and expected it to drop some with the hit the car industry has been taking. Not for sure. Now watch it triple haha.
The g and s ratio has been tightening a bit too, here at least. Not by much but I've noticed that when g has a slight pullback, s holds a little stronger and it's been slowly closing the gap. One of my biggest plans is to trade the majority of my silver for gold when the ratios close. Mainly to lessen the physical size of my stack and for long term savings. Silver will be easier to buy again later even if the price has increased so I figure I'll start over again. I will keep my favorite silver like any serious stacker would. I'm not sure what ratio to wait for but I was hoping for 30 or >. 9:1 would be AWESOME!
