Silver & Gold: Real Money With Intrinsic Value

24일 전

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REAL TALK

Let's talk a little bit about money, but not the kind that is counted in dollars and cents, the kind that is counted in grams & ounces. I'm talking about precious metals, specifically gold and silver. I'm talking about a tangible, physical asset that does not need to be "backed" by a government or regulatory body to have value like the Dollar or the Euro. As a finite resource found only in nature, gold & silver have an intrinsic value that paper currency can never have.

A few years back I inherited a small amount of money from my aunt, as I shopped around for potential investments ( and believe me, I shopped for months) I found only two that made any sense to me. Cryptocurrency and precious metals.

I could not find the value in, say, a ten-year Certificate of Deposit that would return 2.5% per year while the bank takes my cash and makes two to four times as much on it.

"Oh, what's that? You say you will give me a piece of paper that says you will give me my money back in ten years but if I want it sooner I will pay a penalty that is likely greater than the value of the deposit? Hmm, that sounds reasonable" :|

Cryptocurrency

I am not really going to go into this here as I think a large percentage of the folks on STEEM already value crypto and realize it's current value and potential value.


Colorful stock photo to liven up all these words :)

Precious Metals

I believe holding silver and/or gold is the safest way to protect your wealth. When I say wealth I am not only talking about investments of discretional income but savings as well. That rainy day fund, the vacation fund, any type of savings that one might keep in the back is the type of wealth that should, in my opinion, be held in precious metals. And, as always, I am talking about physically holding that silver or gold either in your house in a safe or at offsite storage that you have 24-hour access to.

If you don't hold it, you don't own it

As I said, I feel one really has to hold their wealth to own it. Sure, the bank promises to hold on to your money and give it back when you ask but what if half the people that had accounts at the local bank go and try to withdraw all their savings at the same time? Do you think everyone will walk out of there with their cash in their pockets? I don't. Banks don't keep all the money that they hold "on paper" lying around at the branch in case you need it. In fact, not only do they NOT have everyone's cash available at all times, they take and lend out the value of your account and make money off of your money!

I don't know about you but I find that very disconcerting. I mean, I don't know who they are lending to or how they are using my money. What if one of the ventures they sink a bunch of other folks money in disappears? I don't know but you can bet that somewhere in the fine print they have protected themselves from that and you will be left holding.........NOTHING!


twenty20 provided this stock photo that represents the bank losing your money leaving you with nothing.

The Point

Silver and gold bullion is real money. If you hold it you can easily take it down to your local coin shop or bullion dealer and trade it for cash to fund your vacation to Philly or a new roof for your house. If you hold it you know exactly how much you have at all times. If you hold your wealth in precious metals ONLY YOU hold your wealth, no one else, and this is key to securing that wealth and having it handy for when it is needed.

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The Banks call it, "Bail-In." clause. When the govt can no longer afford to "Bail out" the Bank's gambling debts, that is use Tax Payer cash to Bail out the Banks, they could NOW (actually starting 2014 in Canada) take Depositor's cash and issue their worthless stock in lieu of YOUR cash to remain solvent to start. What follows next are Capital restrictions then things really go downhill from there.

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In our country they are going to try and ban cash to force everyone into the banking system first and THEN the bail-in will be most effective. As much as I hate fiat, never give up your freedom to use cash outside the system.

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Is that for real @buggedout!? How close do you think they are to this being a reality.

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I think it is quite close. They are starting with a cash transaction limit, but once that is in place they can ratchet it down (or just let inflation do the job) to effectively implement a cash ban. Have a read HERE and note that they are threatening jail time for cash users.

This bill passed the House of Reps (Lower House) last month and is about to be debated in the Senate (Upper House), but it is quite likely both major parties will push it through despite some significant grassroots resistance.

The bail-in laws here are already in place and with 3 interest rate cuts this year we are very close to zero now. I think they know whats coming and are rushing to get it through in time.

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Very possible down in the states as well @kerrrislravenhill......

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It just ridiculous @kerrislravenhill! Just the fact that it is out there in the open and people don't seem to care is mind-boggling!

You're going to love it, once U.S. "Sound Money" is "Activated"...

It fits right in with Holding and Owning, Physical Gold and Silver...

November 15, 2019... 19.2 Hollywood Time...

Not only do you hold it and can touch and feel it, but no government entity knows how much you have! At the bank, you bet they do!😎

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That's for sure @elizabethbit. They tracking everything.

Throughout history, physical gold and silver has always been regarded as the real money.

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Indeed @meyrep. Thanks for the comment.

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Just go to your bank and try to withdraw more than a few hundred.... Most times they will question you!!!
Just like with crypto we are our own bank with Silver and Gold!!
Securing wealth for my family, and grandchildren to come.....

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It's just ridiculous @silvertop. Precious metals RULE!!
:)

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Another wonderful post! Congrats!
!trdo

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Thanks again @ronaldoavelino!!
!BEER

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Hey @ronaldoavelino, here is a little bit of BEER from @summertooth for you. Enjoy it!

To be honest I cannot believe holding silver and gold benefits. Perhaps at the time you buy or ask for its worth it is valuable but as soon as you try or need to sell it it is useless and you do not receive 10% of its value.

Might be in each country it works different. Happy collecting/investing.

Posted using Partiko Android

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Once "Sound Money" is "Activated," Gold and Silver will become "Stable"... That was never possible with "Fiat Money"...
November 17, 2019... 11.6 Hollywood Time...

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@pocketechange I hope it for you. So by now you only invest/collect and wait? Thanks for answering. ❤️

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I have the entire U.S. Monetary Reset to "Sound Money" figured out... If by chance I'm wrong, I have all the necessary tools to make it to the other side of the Reset...
November 18, 2019... 23.8 Hollywood Time...

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@pocketechange I hope it worked out well for you. Happy day. ❤️

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Not sure which country you are in but that is ridiculous! I understand the shop offering under spot price a little bit as they have to make their profit too but getting only 10% of the value is a crime!!

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@summertooth I live in the Netherlands and they do. I inherited a lot of jewelry, antiques from my grandmother.Its value was appraised so the 11 grandchildren became an equal share. As I intended to sell it not even 10% of it's value I could get. I gave it away. I don't care about it but that is what happens no matter to which jewelry you go or silver or gold buy shop. I can assure you this was of a way better quality of what you see/buy these days. Perhaps you need to be in a special circle if you invest in silver? ❤️

Yes indeed... if you don't hold it, you don't own it!!! Great post.

If you don't hold it, you don't own it

This is so true. All these cryptos are sort of vaporware... but if they're redeemable for silver, now we're talking!

We paid our midwife in cash and she was so appreciative. It allowed her pay her bills at a discount, which encourages her to discount our bill as well! I'm not a fan of fiat, but it's one step farther from the beast's "credit" system.

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