Cable Salad

[Skybird]

Originally Posted by Shady Bill

1) Gold is overvalued.

Depends on when you buy - or have bought... I'm currently at a net gain of almost 65-75%...

More difficult is silver when it comes to storage, you need much more - secure - space.

Prohibitions become more and more a concern. We have had them, and several states have recently introduced gold prohibitions.

For a pragmatic concern - as was my notice on small notes - , silver is good because its denomination possibilities, you can trade with it smaller values and pay smaller price tags than with gold, where you would need to precisely measur even smaller quantities. When you just buy goods of the everyday life's needs, say a bread, paying with gold is more "complicated" than with silver when one ounce (=31gr) of it has the value of 1750 Euro. An ounce of silver currently costs around 25 Euros over here.

Stocks are for investment. Gold is for attempting to conserve buying power. Silver is for practical payment in everyday life. - Many people mistake these three difference for each other. In hyperinflation, neither these nor the possession of houses or land will save you. Possession prohibitions and state-enforced mortages will take place, cracking down on everybody. We have had it, we have been there, and repeatedly. Well sitrated people without debts became poor, state-wanted. People who had houses without debts and mortgages, were given a state mortage of 50% and more, up to 100%. Owning gold was prohibited.



You also depend on people actually believing you that you offer them real gold and silver, not counterfeit metals. Nobody is used to real moeny, we all are just tarding with currency, not money. Dollar and Euro and FIAT money is no money, its only counterfeit money, its a mere currency. A counting unit without real value. Mot money with an itnrinsic value.

Brett Scott is an interesting author for cash versus digital money issues, his latest book "Cloudmoney" is soon to be released in German, in English already available. He shows how private bjusiness, banks, credit card companies, tech companies want to control people to become more powerful themselves. If there is no cash money anymore, not only is the totalitarian surveillance of any action, movement and decision you make and that involves payments total and complete, making you a crystal-clear and transparent person that is in full "readable" for these, but it also enables powers above you to predict your next steps, your behaviopur, your choices and preferences, and then can boycott you, manipulate you, to make it impossble for you to stay included, isolate you from the "whole", society around you, public life where you can give yourself a voice, etc. . Just imagine what you woudl do if you cannot pay anymore, for nothing, if you are locked out of any possbility to pay for anything, no matter what. You would be in extremely big troubles. You could be a millionaire, and nevertheless struggle to merely survive.

Now imagine this power in the hands of the wrong people. State governments. Dictatorships. Imagine the EU. Donald Trump. Mullah regimes. Xi. See it in action in China, their social point scoring system is much the same thing: it sanctions unwanted behaviour, and rewards obedience and servility, it can allow or prevent peopel travelling asround, get access to this or that, buy here or there. A cash-free society can do the same - without being accused of tyrannic abuse of camera surveillance and internet censorship like in China. It can pose to be the accepted norm of social behaviour, while being a tyrant itself.

Cash-free society is a nightmare scenario for me. Thats why I rigorously boycott the use of plastic to pay in shops in town. I would hope that in case of a blackout people also will learn form the direct experience of being unable to pay with credit cards how extremely dangerous it is.



Same for crypto currencies, or smartphone payment, and fintechs. They all are weapons to destroy cash money.


Central banks and state institutions all conspire to enforce cash-free payments and abandon cash money, including and especially the central banks, and the EU. Its organised crime waging a war against freedom, anonymity and privacy. And these are preconditions for free speech, free choice, rights to beindovodual and akem your won choices. Vegan governments can "educate" you by blocking you from paying for meat products. Tyrannic governments can track you down if you live in the underground and are under threat to be arrested for having an unwanted opinion that you voiced somewhere.

Also, once cash is no more available, banks and credit card companies can raise fees as they like and can plunder you as they see fit - you cannot evade them anymore.

Your shopping habits can become evidence in a case of sanction-worthy living style. Or do you know what the lawsi n your country in the future will be, how dramatic laly they may be turne don behalf of some political extremism, or religious tyranny? Abortion laws in the US, anyone? Legalisation and recriminalisation of cannabis? Membership fees paid for a politically or socially unwanted club, or organisation?

Also, the evidence created by your record showing what you have NOT paid for, and thus have not supported although the government wants you to suppoort it, to demonstrate your compliance and what a good and submissive citizen you are?

Cash-free society is a weapon to establish tyranny. Its as dangerous as being locked in room with an angry dog that has rabies.

And no, paying with credit card in a bar is neither cool, nor sexy. Its more like nicotine, it just stinks. But I let you smoke, if you want, in prinmciple my tolerance has limits, but they are wider than some think. Just when I get forced to smoke as well - that is when I get angry at the latest.