Gold, Silver, and Yes Cryptocurrency, Are "Anti-Debt." By Gregory Mannarino
Beyond any doubt, people are in fact starting to wake up. This central bank controlled demolition, Yes deliberate demolition of the global economy is a slow-motion Train wreck, despite what the mainstream financial media is trying to fist feed you.
How can we see in virtual real time that we are in fact in the global economic slowdown? Simple. Look at the price of commodities.
How can we tell that the cost of financing our current financial fantasy-land debt bubble is under pressure? Look at the flattening yield curve.
Let me ask you, what would be your explanation for the current meteoric rise in the value of cryptocurrency? And why are the major banks so desperate to keep the price of physical gold and silver suppressed by using the derivatives?
Let me ask you another question.
Do you believe that the global debt bubble will be inflated even more by world central banks? Or do you believe that the debt issue will miraculously get better?
I've got news for you, the global debt bubble will be monstrously larger in the not so distant future.
To put a perspective on this. During the last eight years here in the United States, we have had to double the national debt, and in order to keep the current economy here in the United States from imploding, the national debt will have to be doubled again in a shorter period of time.
It is time for more of us to get out of the centralized, controlled banking system because every unit of debt associated with it has the potential to achieve its intrinsic value of zero.
Gregory Mannarino
Gold and Silver 100%! One needs to be careful with Cryptocurrency. I'm All in on Bitcoin and some of the other Tier 1 coins. With over 700 tokens out there, and a new ico popping up every hour you really need to be careful.
Gold and silver looking good today.
my silver looks good everyday ;)
No too bad! Hopefully the monkey hammer is put on hold for awhile.
Bet on gold and silver not this new DOTCOM CRAZE
Does not hurt to diversify, just hold 1% of your assets in Bitcoin or other cyrpto assets. If that's too much then just have 0.1% but you should not steer clear. A lot of people made some life changing money during the dot com craze and they got out at the right moment.
well... a well performing little side bet ain't such a bad thing!
I agree with you on crypto-currency. I would suggest a little Bitcoin for starters, just to learn how to use a wallet, and secure your funds. Then read up on DASH, Monero, and ZCash... all of which have anonymizing built in, so people cannot track your net-worth (in crypto). DASH is nearing their release of the Evolution wallet, which will take crypto-currency ownership out of the techno world into the mainstream, and will see a big bump in value.
Agreed, precious metals have intrinsic value, but cryptocurrencies do not. However, it doesn't hurt to have some in your portfolio as a diversifier or to trade it short-medium term.
I am the same way, i have been around Bitcoin since it was $25 but it crypto's have some major possible negatives, including the possibly of reaching intrinsic value of zero (if you not honest with yourself here that is up to you), and it has at least one "single point of failure" which is never good. You can argue that the single point of failure is not very likely but the consequences are devastating. You also only need to read some history and understand our current safeguards to know that is is a much more real possibility than you might want to let yourself believe.
Congratulations @marketreport!
Your post was mentioned in my hit parade in the following category:
Today i can see how crypto currency can be compared to how the gasoline automobile is to the horse and buggy a century ago. In time people will eventually know and become familiar with this currency of the future.
they will and they have to. the coming cashless society is a fact and only a matter of time.
You are right that a cashless society is on the way ..but what one the visa banking one or the cryptocurrency one and at what point will the banks make there move to take it over in some way they will try..
And with the internet being the the main tool for managing digital currency, it leaves it easily shut down ..
Viruses power outages most governments have full control of the internet and can shut down there country if desired, a lot of weak point to consider..
Cryptocurrency needs the meshnet to live on ..
This might make it truly independent and far less able to be shut off with the flick of a pen.
i agree (and take a look at india). http://norberthaering.de/de/31-english/802-modi-yunus
What happens when the drug cartels and organize crime families start funneling large amounts of their cash into crypto currency's? Sure this is already happening, but maybe these cryptos are rising ,not because of China, but some cartel is diversifying out of the $$.
Cashless society is almost here. Ask some retailers how some customers never use cash and expect to swipe their cards for the smallest purchases. It's frightening that people are so willing to have every aspect of their financial life being traced.
Even better than buying silver and crypto is borrowing USD to buy silver and crypto. When the dollar collapses, and it surely will, USD debt will be destroyed while crypto and silver goes for a moonshot.
My husband and I have been watching every video you have put out on YouTube for years and now we follow you here. Thank you for all the helpful info. you have given us over that time, especially in regards to physical silver!
Scary stuff indeed. Those greedy elites will destroy everything and we the little guys and gals will pay the price in war, disease and starvation. What's new though!
Just to the fact that crypto has become huge is people are looking for alternatives. People are waking up and the volume on bitcoin and alt coins show it.
Agreed.
Question 1 cryptos have way more volatility more gains then the stock market.
Question 2 so that JP morgan can buy more gold and silver.
For your next question you answered it.
Yes, choose things of real value, things you can hold in your hand when you need them most. Food, Water, shoes, toilet paper, batteries. Sounds crazy, but no one will be there to take care of you when the government goes belly up.
A barter economy is how us ordinary folks can prepare to survive the next economic crisis! Think of what people will tear off the shelves at your local stores and buy lots of it now while you can. The worst that can happen is that you beat the coming inflated costs by simply holding extra on hand.
My toilet paper stack is looking really good right now... If this collapse happens it should go up to $0.85 a sheet!
One of my friends says the same thing - to stack toilet paper! Plastic fiat money won't do the job.
Love your videos and posts Greg, but I must admit I also have been coming to your page to meet and connect with other Stemmit posters and like-minded people. Everyone here seems to really be willing to help everyone else - so cool. So, thanks again Greg for all that you do!
Thank you. Yes our fellow Steemers are awesome!