Communist Revolution Has Begun

[DBTrek]

Crypto and metals, boys.
That's all I can say about that.

that is still an internal exile

the Chinese banned Bitcoin, that's what made the price crash, so crypto is subject to Social Credit

gold is not liquid, you can't really buy a house with gold, the seller is going to insist on receiving a cash conversion

China and Russia have banned BitCoin multiple times, that's not why it crashes.
Saying gold is not liquid is tantamount to saying it's unsellable. That's simply not true. I can liquidate any amount of gold you want, right now. It's not credit-card fast, but it's certainly liquid.

[Smitty-48]

Crypto and metals, boys.
That's all I can say about that.

that is still an internal exile

the Chinese banned Bitcoin, that's what made the price crash, so crypto is subject to Social Credit

gold is not liquid, you can't really buy a house with gold, the seller is going to insist on receiving a cash conversion

China and Russia have banned BitCoin multiple times, that's not why it crashes.
Saying gold is not liquid is tantamount to saying it's unsellable. That's simply not true. I can liquidate any amount of gold you want, right now. It's not credit-card fast, but it's certainly liquid.

liquidity simply means how fast you can get your hands on cash

to evade Social Credit, you would need to using physical gold

electronic gold is no different electronic cash

nobody is going to take physical gold at market rate in lieu of cash

[DBTrek]

liquidity simply means how fast you can get your hands on cash

to evade Social Credit, you would need to using physical gold

electronic gold is no different electronic cash

nobody is going to take physical gold at market rate in lieu of cash

I'm talking about physical gold, and there are multiple industries that will convert it to cash for you, today.
At market rate, or above, depending what form that gold is in.

[Smitty-48]

liquidity simply means how fast you can get your hands on cash

to evade Social Credit, you would need to using physical gold

electronic gold is no different electronic cash

nobody is going to take physical gold at market rate in lieu of cash

I'm talking about physical gold, and there are multiple industries that will convert it to cash for you, today.
At market rate, or above, depending what form that gold is in.

and once you're back into cash, you are back under the electronic control of the Social Credit Panopticon

the problem is moving cash around, it's done electronically, there's barely any hard cash in circulation anymore

[DBTrek]

Check the gold buyback prices.
https://www.providentmetals.com/buy-back-products.html

Just one of MANY online precious metal dealers. Then there's every local coin shop in your town, that will also buyback at spot or above depending on the coin. The there's private buyers, sites like eBay and OfferUp, etc, where if you have lots of time, you can get even more cash. Lastly, there's pawn shops, which won't give you market, but will convert today.

So gold is pretty easy to turn back into money. You can get spot+ today from an LCS. If you have a few days you can get spot+ from online dealers and private buyers.

Not hard.

Also - nobody can decide you've violated some social more and simply suspend your gold with a few keyboard clicks.

[DBTrek]

and once you're back into cash, you are back under the electronic control of the Social Credit Panopticon

the problem is moving cash around, it's done electronically, there's barely any hard cash in circulation anymore

I'm going to take it you've never spent any time at a local coin shop.
Or ... maybe in Canada they do it different.
Down here, they only want cash, many only accept cash, and nothing about the customer is being tracked .

[Smitty-48]

and once you're back into cash, you are back under the electronic control of the Social Credit Panopticon

the problem is moving cash around, it's done electronically, there's barely any hard cash in circulation anymore

I'm going to take it you've never spent any time at a local coin shop.
Or ... maybe in Canada they do it different.
Down here, they only want cash, many only accept cash, and nothing about the customer is being tracked .

I am buying & selling million dollar properties, the amount of cash I am moving cant be run through the local coin shop

[DBTrek]

I am buying & selling million dollar properties, the amount of cash I am moving cant be run through the local coin shop

Congrats. We've come pretty far from "gold is not liquid" to "I'm a real estate magnate and my transactions don't happen in gold".
/shrug

[Smitty-48]

I am buying & selling million dollar properties, the amount of cash I am moving cant be run through the local coin shop

Congrats. We've come pretty far from "gold is not liquid" to "I'm a real estate magnate and my transactions don't happen in gold".
/shrug

whatever, gold is not liquid above coin level, you can't buy a million dollar home with gold

the seller has nowhere to put 20 kilograms of gold, they don't even know if it's real, they will insist on electronic payment of cash

[DBTrek]

I'm also going to guess your spouse is not a realtor - they way you keep flashing "million dollar homes" around as if it puts you in the billionaire club.


So anyway - if you want to be able to preserve some money and not have it under the control of a third party bank, broker, or credit company - metals and crypto is an option.
But Smitty won't sell you a house for the raw asset, you'll have to convert it.

I'll let you all weight those pros and cons and come to your own conclusion.