Steem & The Silver Lining
By now, Steemers have the same idea:
Become your own bank by managing your finances without somebody looking over your shoulder and imposing regulations on YOUR money! Am I right?
If that's the case,
We should then talk about what you're going to do AFTER you make money on Steem. Personally, this will be a short term investment. Accumulate as much Steem Power to then gain influence so I can gain rewards. Since we are rewarded in SBD which is currently at $1.91 (and on the rise today!), there is no better bet for cashing out your rewards.
But what about the Dollar Devaluation?
And that is precisely why I will now urge you to funnel your hard-earned rewards as authors and curators and invest in bullion. There will be no better ROI when the market eventually crashes and silver spot value is at $900 (or whatever you think it could be valued as). My best friend, @mcwilz, always says, "An ounce of silver should be worth a man's 10 day's wages." This means an ounce of silver should be worth at least $1,200!
So I now close with this:
Nations around the world are losing faith in American money. Putin is asking people to dump the dollar. China owns trillions through US Treasury Stocks. Before long, paper money like the dollar will be about as valuable as Germans experienced starting in 1923 when the Mark was so hyper-inflated that the exchange rate was 1 Trillion Marks = 1 US Dollar. Silver, gold, and platinum won't lose their value in a severe economic downturn. In fact, I suspect they will thrive through the adversity.
Please give me an Upvote or Follow along with @mcwilz. He's very knowledgeable about the stock market and also a bullion advocate!
I am long on STEEM. Will hold for life - invest profit in bullion or BTC is a good plan. I was researching Goldmoney. From what I understand the gold you purchase with crypto on Goldmoney is restricted to a vault in Dubai and can not be withrdrawn or spent on your Goldmoney card. Have you heard anything about Goldmoney and how they operate?
I am not aware of Goldmoney. What are they all about?
Hi there, What i know about goldmoney is you can store your metal in lots of different countries like Switzerland, Singapore, Dubai and other places. You can spend your gold by using a debit card anywhere in the world just like a credit card.
They are good.
I have an account with them, fist it was named BITGOLD. I also use de debit card linked to the account.
They are professional. they are also listed in the stock exchange.
I recommend
Isn't gold money a Soro's investment? I could be wrong.
Thanks for all the love here! haha
Like my good friend at the marketreport has been saying for several years now..."become your own central bank"
Follow Gregory Mannarino YouTube channel and his stock picks on www.traderschoice.net follow his steemit @marketreport
Love what Greg Mannarino has to say
I think you overstated the value of silver at 10 days wages. For example, a baker in 1900 average day's wage was 2.15 silver dollars, which was roughly 2 ounces of silver. So maybe a price of 70 dollars an ounce.
I probably overstated. It's possible tho
Interesting blog tho :)
Good, that's the goal
You have to consider that silver in 1900 was not consumed, today we consume silver through electronics and many other products. There is a lot less then you think and the demand is high. Prices could actually go higher then that if you consider the population on earth.
I have actually done a bit of research on this. Basically, if you take a graph of world population and a graph of world silver production, they both look the same. As population increases, so does silver production. Silver production grows just enough to meet demand. Silver salesmen will tell you that there is more gold than silver so silver price must go up. There is more gold because gold is used as a store of wealth, and silver is mostly just used for industry and jewelry. Silver is a much more common element, something like 50 to 1 in the earth's crust. But the main driver for gold and silver prices is the cost to mine and purify. Gold costs about 500 an ounce, while silver costs 10-15 dollars an ounce.
I agree with you on the industrial aspect, but when the world reserve currency will stop being seen as safe haven and gold and bitcoin will be to expensive for this large amount of people, silver will be seen as money again and then it will be a VERY SMALL market and the price will temporarily skyrocket.
That is interesting! What do you think must or will happen to gold to make people think it is not a safe haven? I can see regulators or viruses or hacking possibly ruining bitcoin.
Gold is money and it will always be seen as safe haven, it's just that it will be to expensive for most of the people looking for safety and bitcoin is new in this environment and many people will be scared to invest in it. Silver is cheap. Very cheap thanks to market manipulation. I've been looking at this market for a long time and I'm very very bullish on silver. I will be posting a lot on this topic if you want to see my views on it.
For sure! I am following you
No argument there... we'll be all rich once the crash comes.
There is only one minor problem: I'm hearing this for years now. And although all circumstances indicate that the crash is imminent - it doesn't happen. The banksters and their minions are so crafty in rigging markets and currencies, that they can delay the inevitable again and again.
But however... better having some bullion in the basement than cash in the bank account.
The way I see it I want this bubble to continue for as long as possible. I want silver to be at $5 an ounce so I can buy as much as possible. The take advantage while the going is good and then we can cash in even more during a crash.
They will never let the banking system crash ,,, markets housholds and almost everything else , but the banks will remain to lend you money to start over when the endless small crashes happen ,the endless circle of money. so keep waiting lol
Probably won't be for long. Enough time to accumulate silver and possibly buy some land too lol
Couldn't agree more
Couldnt have said it better my self, I posted an article showing the usdebtclock, which show gold at 7300 and some change and silver at 840 plus.
Any way I asked if anyone could tell me why this is so expecting to get some response but yet not one person offered one, which I find strange.
Ayt thoughts?
Maybe this will help everybody understand. Yes, it was valued at $2.65/oz 104 years ago. Times have changed bitc#$@
Thank you
I need to learn how to do that
Thanks again
If you want to take a snapshot in a browser use Snipping Tool on Windows. Very helpful!
Thanks Amigo
You got it
Can't come quick enough, it's time for a reset.
But in the meantime we can ride the wave and cash in on the bubble!
Dont be in such a hurry...stackings going pretty well and id like to be able to retire after this...
I'm just as excited about the stacking