Quote:
Originally Posted by em2nought
I've been thinking about putting something in this Singapore location https://www.silverbullion.com.sg/ instead of in a safety(which isn't) deposit box at the credit union. This depository basically works like a bank should really work. You store your precious metals there, and they charge you for that. You can make fiat loans to other people who store precious metals there. If they don't pay, you get their precious metals. If they do pay you can cover your costs of storing your precious metals.
I try to work all my credit cards with balance transfers, zero interest periods, cash back rewards, and paying off on time. |
Nice idea they have there.
Personally, I never saw the meaning in credit cards, and thus since years have none anymore. To me credit cards are man-in-the-middle-attacks, sort of, somebody demands to get paid for squeezing himself needlessly between me and my bartering partner in a deal, and all he does is that he taks the mone yout of my hand and give sit to him after he played with it in the csiono, and then gives the other'S chnage to me after he plaid with it in the casino. And for this fantastic service he even demands us to pay him...?
But then, the whole modern money model is a disaster and an intellectual declaration of bancruptcy. I only have Paypal currently, and this only because of rare, pragmatic need. German banks were very late to this kind of party, and thus trail far behind with comparable offers.