Loading ...PEP TALK ON PRECIOUS METALS
For those losing faith from multiple years of suppressed Gold & Silver prices, take heart. The Voice responded to a sequence of probing Jackass questions with a firm statement founded in hope, confidence, pointing to a new dawn in financial structures. It is next to impossible to explain to people how things are going to unfold if they do not understand the concept of mal-investment and the difference between currency and money. The ZIRP exhibits the distortions in faulty investments from zero percent money, while QE exhibits the distortions in pure bold rabid inflation. Precious metals are unique, serving as the only true store of value, standard of value and measure of value, besides being a medium of exchange. If one has physical metal stored and understands the inherent control with its direct access at any given moment, it has been and remains the safest way to protect wealth from the current powerful debasement. While people rush into crypto-currencies, they need to realize that crypto-currencies are not crypto-money yet. Once hard asset backed crypto-money is issued, it will be backed by primarily precious metals, structured on the blockchain technology. Crypto-money will wipe the floor with crypto-currencies and $billions will be lost in the process.
The Voice gave emphasis as follows. “Let me tell you something that you can take to the bank and the vault. The day is close when you will not be able to get any physical metal, and furthermore, its price will go into the stratosphere. Blockchain and crypto-currencies are here to stay. However, crypto-currencies will fall to the wayside, pushed out by crypto-money. There are people who are putting crypto-money structures in place that are based on blockchain technology. They will make precious metals fungible, along with other valuable commodities. This means a de-facto democratization of money free from government manipulation, but most importantly free from inflationary debasement. This will constitute the return to sound money. People who do not understand this concept, following the herds of whatever hype, will get their clock cleaned bigtime. The Bitcoin advocates must be careful to secure their exits in converting to spendable money. The recent crypto craze is a manifestation of the US$ being debased. What we witness is hyper-inflation. One is forced to spend more and more dollars to acquire the array of alternative currencies.”