Beware of some of the new "Precious Metals Backed" cryptos as they are being designed to Fail - Comex Wannabe's?
Designed to further destroy sentiment for Silver and Gold. I took some time to visit a few of the websites of the up and coming new precious metals backed cryptos and something didn't feel/look right about them. In continuation of yesterdays blog entitled https://steemit.com/cryptocurrency/@tzcap/india-launching-first-crypto-currency-backed-by-investment-grade-silver
Here is what makes me feel this way, after digging a little deeper you notice things like:
- top really short domain names -most likely were not cheap (for a startup?)
- addresses and contact details/emails in multiple and conflicting places around the world
- some sites look very similar to each other/look like written by a computer program or templates rather than by a person
- pages/links such as terms and conditions not working
- hidden not indexed pages
Further commentary:
With faith being lost daily in the ETF's(electronically traded funds) and comex, this would only be the wise next step for the fraudulent bankers to try to further control the price of precious metals.
Maybe its just me, that I am very sceptical about many things (most probably why I didn't jump on the crypto train until earlier this year) but something does not feel/look right
Perhaps someone with advanced computer expertise could research further.
Conclusion: One should always own physical precious metals, there is a good quote from someone:
"If you don't hold it you don't own it"
Disclaimer:
This article is solely my opinions and commentary, no facts other than observations have been presented
The general thought is that blockchain technology will make the system honest but things are further from the truth. Yes there is transparency on the blockchain because the transaction are there for all to see. However, before it is on the blockchain it need to go on the blockchain and this is when honesty comes into play. I may not have the physical and still sell you a piece and then I put it on the blockchain. You have never seen the physical so you just believe it is there because it is on the blockchain. So you need to be careful who you trust with physical.
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I love it when I find an article that makes me feel good while I'm reading. It's a beautiful point that flows with the current shift happening in humanity. I believe people want to do better and we are evolving into a more loving society.
you are a good writer..
👍
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