RE: Are Cryptocurrencies Really a Threat To The US Dollar? By Gregory Mannarino
It's hard for me to imagine not having something tangible in my pocket for currency. Yes, the idea of a digital currency is "more convenient" but only with tech. and let's not forget electricity. Seems like in today's world there is an abundance of both. It wasn't long ago when there was neither. I remember 5 to 10 years ago seeing a commercial on the idiot box of a man in a trench coat who looked somewhat suspect entering a grocery store. He traversed the isles putting random items inside the coat and in his pockets all the while being spotted by baffled onlookers. When he was finished loading up he headed for the door bypassing the checkout but momentarily stopping at the door before crossing the "out" thresh hold. He stopped where the automatic door was, looked up at the camera, smiled and then walked out setting off no alarms for what we all assumed would be theft. All we heard was a ding. Apparently this commercial was geared toward the chip system whether in card form or an actual body chip I don't know. This was introducing back then the idea of a cashless society by use of a chip, I assume, within the realm of digital currency. I remember seeing this add a few more times through a period of about six months and then POOF it was gone and I've never seen it since. I'm not against digital currencies and am exploring them more and more but I do like the idea of a "real item" in hand so to speak. Thanks Mr. Mannarino and as we say now... "Steem on"! Thoughts?
I love the idea of having things in my hand that her physical as well I don't like the idea of digital currency's nor do I like the idea of Fiat currency's I like the idea of real money in my hand like gold and silver.
Having it in your hand is wonderful. It is not trackable, taxable or verifiable. It is yours. You are only taxed once on a pair of blue jeans when we buy them. Then why are we taxed over and over and over on our homes, our money and everything else. Physical is good as is prepper provisions. People are the greatest investment.
I think I agree with that for the most part . However what do you mean by people are the best investments ?
In a doomsday situation you can have food, water, metals, guns etc. but having a community of folks you can trust, barter with and help each other is priceless. The time you spend in establishing relationships with others is invaluable. The payoff will be worth the time spent.
I couldn't have said it better! Bravo!
Same here. I have as I've gotten older and started a family of my own I've realized the importance of being diversified. I for to many years was stubborn and had all my eggs in one basket so to speak. I remember watching the last market meltdown. I think it ended up at 6400 or 6600 on the DOW. I started watching kramer on the idiot box everyday and tried my best back then to figure out the market listening to him. Time went on, I had ample time to invest, and I learned a ton from that period in my life but I never invested. Looking back not long ago I realized what missed out on. No worries though, to live is to learn. The same pattern repeats time and time again. I won't miss that boat again.
I agree but I could also see a day when you don't care about having physical, just have on your cell phone will be fine.
Sounds like youre open to it so just keep resurching and you will get much more comfortable with it. Its the opposite of the beast system, imo.
true, I own physical gold & silver been stacking not long ago but I started to buy crypo currencies last month not much (actually I'm living in Mexico & there isn't many option for now) some ethers... I recall 1997 first & 2001 after the crisis when I was dubious about buying amazon or ebay and finally didn't buy them... I think this is a new chance... and opportunities like this are scarce in life. God bless =)