JOHNLGALT
Well-Known Member
No, 26 days Alcohol free & seeing clearly who the trollop's are. Anyone we know?
CHEERS, from your OLD foe.
What's the future of silver look like to you?
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No, 26 days Alcohol free & seeing clearly who the trollop's are. Anyone we know?
CHEERS, from your OLD foe.
Gold is as true money as sea shells tulip bulbs and the beads the navie Americans traded for their land was
I'm sorry your wrong gold is not widely accepted any more as money and has not been for a line time much like tulip bulbs
Jim4silver
Well-Known Member
There is a difference between currency and money. Dollars are currency, gold is money. Gold has been considered a storage of value for thousands of years.
Why would the fact that other cultures valued sea shells make any difference to gold? Is anyone today spending sea shells to buy stuff?
You can't exhange sea shells for dollars (generally speaking), but you can exchange gold for dollars, in almost any "free" nation on the planet.
Anyone who argues gold is not a storage of value can't be serious.
Why would the fact that other cultures valued sea shells make any difference to gold? Is anyone today spending sea shells to buy stuff?
You can't exhange sea shells for dollars (generally speaking), but you can exchange gold for dollars, in almost any "free" nation on the planet.
Anyone who argues gold is not a storage of value can't be serious.
Gold is making a comeback in various US states as a means of legal tender.
https://gsiexchange.com/states-gold-silver-become-legal-tender/
Also, and for the US members of this thread, doesn't the US Constitution stipulate gold and silver as legal tender and only FIAT for debt repayments....or something along those lines?
https://gsiexchange.com/states-gold-silver-become-legal-tender/
Also, and for the US members of this thread, doesn't the US Constitution stipulate gold and silver as legal tender and only FIAT for debt repayments....or something along those lines?
I think JLG is really Samuel L Jackson.
The path of the Stacker is beset on all sides by the inequities of the non believer and the tyranny of Central Banks. Blessed is he who, in the name of self-reliance and monetary independence will, shepherds the non-stacker through the valley of fake FIAT, for he is truly his brother's keeper and the finder of real money. And I will strike down upon thee with great vengeance and furious anger those who attempt to take my stack and destroy my brothers. And you will know my name is the “the non conformist” when I lay my metals before thee.
Gold and also silver will eventually be used to back crypto stable coins likes of Libra. By then you should be able to pay for your petrol in gold without actually paying in physical gold. I believe this will happen within 10 years if not earlier and $1k+ gold will forever be history.
They will eventually have to back a currency with gold if we arent using physical pm coins by then. It always reverts back to the same when confidence is lost in a fake fiat currency.
Im surprised more aircoins dont use gold. It would give them some validity with certain people.
Im surprised more aircoins dont use gold. It would give them some validity with certain people.
I never said it wasnt an asset that can store value but the same can be said about seashells or beads or tulip bulbs or a lump of dog turd for that matter if you can find someone to buy it.
just because it is an asset / store of value does not make it money and it at any time may like tulip bulbs fall out of favour and the desire / value stored in yopur asset may decrease at any time
every single asset can be called money if you want to use your logic -- which is factually incorrect
Seashells beads and tulips didnt stand the test of time like gold and silver has. They are still money today because of that and beads are just beads.
It's been in favor worldwide for thousands of years and wont change.
Especially in an age of fiat currencies it's sought after and hoarded and it's worth keeps growing.
It's been in favor worldwide for thousands of years and wont change.
Especially in an age of fiat currencies it's sought after and hoarded and it's worth keeps growing.
but there not money as I pointed out they are not widely accepted anywhere any more
I cant go and buy a trolly full of groceries and hand over a silver bar\
or a tan full of fuel for my car and hand over a silver bar
it is no different to any other asset class now a days
and seashells and tulip bulbs STILL have value just not the same as what they once had the same will happen to gold and silver.
I think it won't make a difference whether gold is involved. People who won't buy cryptos won't buy even if you back it with gold.
You need big names and legitimacy, likes of Apple, Facebook, PayPal, Visa, MasterCard backing it.
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Yep which is why I'll be all over libra like a fat kid on cake
Jim4silver
Well-Known Member
Article 1, Section 10, in part,
"No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts".
The US Constitution only limited the states but not the federal government with respect to gold and silver coinage, etc. as far as I know.
Later on with the Coinage Act of 1792, new laws passed that defined a dollar and mentioned various weights of gold, etc.
Here is a good historical article about the dollar's origin and mentions through time with respect to gold, etc.
https://www.nationalaffairs.com/publications/detail/what-is-a-dollar
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Krakked789
Well-Known Member
Even if it's pegged 1:1?
I've been invested in Tether for a while and haven't seen much action.
Krakked789
Well-Known Member
JOHNLGALT
Well-Known Member
@Jim4silver , Thanks for posting that link, I'll read it when I get off the Internet later, as it is a long article.
Seth Lipsky? Now there is a name you could trust (of the TRUST ME TRIBE).
Seth Lipsky? Now there is a name you could trust (of the TRUST ME TRIBE).
Tether is a scam coin in my opinion I wouldn't touch itEven if it's pegged 1:1?
I've been invested in Tether for a while and haven't seen much action.
Yes their reporting mechanism is opaque. Not trustable.
what reporting mechanism they have not had an audit or confirmed what or how much of anything they are holding.
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.
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.
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