Gold & Silver vs CBDC - WARNINGS!!!
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- Опубликовано: 28 май 2024
- Gold and silver bugs have been warning us a CBDC is here or near here. Let's get an update on where we're at, how it could affect us, and what it means to overall liquidity of precious metals.
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I buy gold and silver because cash burns a hole in my pocket..
Same
Couldn’t explain it better now tell my girlfriend I’m not just wasting money on “stupid coins and shit” 😂
@@nathanhill6042 My mother is like that too, so I know how you feel. She thinks if you can't spend it in the store then it's worthless. She wants to literally throw my gold and silver in the recycle bin.
I laughed... No chance i save Fiat. Always find a way to spend savings. Gold/Silver can't be spent so easily.
@@garywilson7420 That's not what I'm getting at... I'm saying buying gold and silver to "dodge" a CBDC won't work. Because if you need to sell it, it'll just go right back into CBDC and they will see the sale and that may draw their attention even more so than if you were to simply convert your fiat/bank holdings into the CBDC via "standard procedure". Anything abnormal to them like a sale of Gold/Silver in a 4, 5 or 6 digit amount will definitely leave a trail. And since most places won't take cash for bills, then what choice do you have in the end? Food for thought.
I buy it because it keeps me from buying stuff off Amazon 😅
Ha! The struggle is real.
When I think of all the money that some waste on useless junk, only to throw it away shortly thereafter, buying PMs looks like a tremendously good idea.
Here's my take on PMs: when I "spend money" on PMs, it isn't really spent because I can quickly and easily convert it back into cash. Is there anything
else that can say this? Not as far as I know.
there ya go 🤣
Gold a silver could be used as privacy coins on the black market and that could be worth a lot if you have used up all your carbon credits that month.
Indeed
With nearly 35 trillion dollars worth of debt, no real way to pay it, my fear is the only way out is to inflate the dollar. If they intentionally inflate the dollar, the debt is substantially reduced. Gold will not be as susceptible to that artificial inflation. I’m no expert but it seems like the only solution.
I buy gold because, in some Countries here in Europe, we get taxed a lot based on the savings you have in your Bank. So out of the banking system, they can't know exactly what you have or where you have it.
What country taxes savings?
@@rustyshackleford2719 The Netherlands
Can you buy with cash anonymously or do you need to provide ID to buy metals in Europe?
You know the funny thing when I sold some gold for a project I had, they gave me more for the Maples and Kangaroos, because they had bought enough Eagles and Buffs. You just don't ever know and yes I live in the U.S.
Interesting. Left coast?
@@2is1gold Wyoming, Idaho
Wow!
No krugs and brits
My LCS here in Michigan lives Eagles & Buffs....has a light hand on the buyouts as more folks selling these days. Not getting spit for them & many don't care...just need some bread.
We'll see, that's the thing... If there was a cbdc, and somehow you got cut off from being able to use it, having some gold or silver that you could trade to somebody who could access to monetary system could be very beneficial to you. Then it's still valid.
Excellent message. I can always depend on you to keep things real and reasonable. Than you!!!!
🤜🤛
Buying Gold for all the smart reasons
All the smart reasons? Hmmm, are there any dumb reasons to buy gold?
Other than spending more than one can afford, of course.
If you’re buying gold, you’re smart. It’s simple as that.!
Gold, Silver, Real Estate etc... Diversify
Got land. Got physical gold. Got physical silver. Got garden. Got orchard. Got God. Got dry powder. Got happiness.
@@yedidyah-jedshlomoh1533 I commend you for your efforts and independence. Well done! 👍👍
@@edb3877 thank you
I have always asked the question how do we get back on the GOLD STANDARD...If I understand correctly when that was in place we did not have INFLATION. How do we get back there??? A currency RESET.. to me that meant either we have more gold or lower M2 to equal the value of our current gold supply. In a currency reset you want to get rid of the old debt/ bonds aka 34 trillion dollars worth. So you put in a new currency CBDC and default on all that debt. In that case the true price is GOLD is 10-12 k. Under the new currency CBDC 10 k of old money will be worth 1 dollar..yes 1 dollar that is currency debasing. The reason you keep 10% of your assets in gold is to cover you when the dollar collapses. If you have no gold you are ducked if you stack gold you will be ok.. Thats why i stack gold..
For me, the best thing about gold is that it is REAL money. It's solid. It doesn't inflate like US$. It doesn't collapse and become worthless like so many fiat currencies have.
It doesn't need a central bank to tell us that it is valuable or how valuable it is. I also like the fact that in order to spend it, it has to be converted into cash. This extra step is
enough to make me not want to spend it, unless I REALLY need the cash. This allows it to stay secured and to increase in amount as I buy more over time and in price as
the US$ declines in value.
Liquidity is super important. George Gammon has recently done an experiment in Argentina, trying to buy things with gold, silver or Bitcoin and to his great surprise almost no one wanted these things despite their national currency hyperinflating. People there appreciated american dollars the most and the best he could do was to convert some of USDT stablecoins to dollar banknotes.
I haven't seen that yet, but have heard from people there that this is the case. One mining town got news and a bunch of RUclipsrs and bloggers hyped it - it seemed to be a universal case when it wasn't at all. Cheers!
George came across as a creep in the streets trying to hustle others. He literally accosted random locals looking to barter. Of course it was a failed experiment.
Read the comments there. Silver was good until they bottomed out.
So sad. U.S. dollars and coins used to have intrinsic value (in the case of the latter, i.e, silver) or exchange value (in the case of the former, i.e., silver certificate bills for silver and an oz. of gold for every $35 you exchanged). Silver was taken out of dimes and larger coins in 1965….Nixon severed the dollar from gold in 1971. A half century later people actually see value in printed pieces of paper and coins made from (nearly) worthless base metals. I’m not sure if Ozians ever learned that Toto pulled the curtain on the circus barker from Kansas, revealing that the Great and Powerful Oz was neither. But a counterfeit (be it a bill, a Wizard, a Rembrandt, or a charlatan) can circulate for a long time before it’s true nature is exposed.
@@davidhunter5062
"Gold is money. Everything else is credit." J. P. Morgan, 1912
Iceland put bankers in jail rather than bailing them out - and it worked.
Some claim the ratio of Paper gold traded is somewhere between 200 to 250 to 1 of physical gold held.
Thanks!🎉
Great video brother thanks for the info 🥃🥃🥃
Thanks Nate!
Maybe you're not aware 2 for 1 but their's a law that passed quietly that when a bank is about to go under the deposits will be confiscated and a stock issued for said bank. Bail IN instead of Bail outs. Why would I want a stock in a failed bank?
What is the bail-in law for banks?
Bail-In: Definition and Role in a Financial Crisis
A bail-in helps a financial institution on the brink of failure by requiring the cancellation of debts owed to creditors and depositors.
Check it out ! Gold and Silver until this gets sorted out IMO.
The SCOTUS still needs to rule on fiat being outside the constitution as it says only gold.silver and fiat is neither. Need to look at this realistically.
I always appreciate your level-headed clear speaking demeanor.
Thanks!
Stay the course, don’t let one news article or fear mongering video change your entire investing strategy. Great cautionary warning for new stackers!
🤜🤛
Paper dollars are needed to pay taxes to the government.
"Give to Caesar what belongs to Caesar, and to God what belongs to God" Got land. Got physical gold. Got physical silver. Got garden. Got orchard. Got God. Got dry powder. Got happiness.
Not necessarily. I paid the tax I owed this year via my CU checking account and the IRS Direct Pay web site. No paper involved. Worked great and was fast.
Dollars are needed to pay taxes to the government so the the fed can print more dollars which you can then enjoy with your hard earned labor which you use to pay taxes to the government so the fed can print more dollars… 😅 Or you can buy an gold American eagle or a buffalo 😊
@@michelcowels4317 American eagle!!!!!!!
@@yedidyah-jedshlomoh1533 Agreed! It's a beautiful coin... unlike the Buffalo, IMO.
Great video.
Thanks!
Thanks for keeping it positive.
I would not underestimate the central banks ability to implement CBDC by circumventing congress nor their ability to manipulate congress to get what they want.
I won't overestimate either.
@@2is1gold moves and counter moves.
Or IMF and BIS. One single global currency is an objective of the BIS, and most likely digital and fully trackable.
I'm a Ron Paul Libertarian. I love freedom. That means I love guns. I would rather buy pews using real money or cash so I'm not on big brother's radar. I would rather be left alone. No step on snek.
CBDC and UBI will be here eventually. AI will take away jobs and gubmint will usher in UBI to pacify the jobless masses.
Holding gold and silver reminds me of the freedoms we are supposed to have but no longer have.
I also speculate in crypto, with the goal of taking out profit to get more shiny and pew.
I embrace Liberty and Freedom, but I must also be pragmatic and realist.
Good stuff as always. I love this channel.
I think we have some shared interests. 😄
@@2is1gold LOL. I am sure. Most silver and gold guys share many interests. :)
No step on snek! Lol I like it.
Give me liberty or give me death.
What is UBI if you don’t mind educating us?
Instead of grabbing an ounce of gold today it was 15$ cheaper to get a half ounce of gold and an ounce of platinum I thought two maples must be better then one. Who knows if it was the right choice but kind of felt like a deal
I felt the same way this past week. could have bought an ounce of gold but decided on a half ounce of gold and 20 silver kookaburras for slightly less.
Thanks. You are among the few, maybe the first, who spoke about the convertibility problem and that in most use cases we would have to convert out PM’s to whatever the currency was. - even (or especially) if it was CDBC.
🤜🤛
And at that point, remember that it will be programmable cbdc and if you convert it you might be taxed 80% out of it to save the planet
@@rickrob2427 Yeah, that or "It's for the children!"... as they continue reckless spending levels on pet projects.
Wise words!
Always quality content, useful information, and great knowledge of the market. I really enjoy your videos and know you put a lot of effort into the content. So just wanted to say thanks.
Appreciate that. Thank you!
Thanks for another .9999 fine video Sir..👍👍👍 Life is good.....God Bless
Cheers!
I buy gold because the dollar is worthless piece of paper..Cbdc will still allow me to buy gold and silver just at a new price. My view is that gold will be its true value around 10 k and the new digital dollar will be debased by and equal amount. I dont know if this is right but its my off the cuff thought on the subject. In my mind the current dollar must be equal to the amount of gold a country has.. in order words a gold backed currency. There is going to be pain but that is the cost of 50 years of deficit spending, those with the most cash will suffer , those with the most gold win.
Good luck buying PMs with CBDCs when they start tracking all your purchases…
@@joshuakelleher-bw5dg Who cares, This is not 1930's ..there will be no gold recall like FDR did..PM will be just another product, now at 10 k per oz no one will be able to buy it with a 10 k to 1 debasement
Another Great looking knife! Thank you Sir!
Thanks!
Thank you for always being the reason and level headed / logical channel for a topic that never is
🤜🤛
Learned the hard way my LCS thought my 100 gold franc coins were fake because they had never seen them before… luckily I was able to sell them painlessly to an online dealer.
I appreciate the sensible approach very much. I love the precious metals but fighting off the idea of CBDCs and the BRICS boogieman within the community is a bit exhausting. Sometimes I feel like I'm alone, then I look here and on your Discord and I don't feel so alone anymore. Thank you!
Ha! It's almost amusing how popular the fear is.
Always appreciate your Common sense approach to the Metal market!
🤜🤛
I have champagne 🍾 on ice for when gold breaks 3,000.
I buy gold because gold has always had value and always will. I gladly take payment in gold and where I live (Rural USA) anyone who has anything worth buying will take payment in gold.
Politicians wouldn't be in favor of a cbdc... what would happen to all that dark pool money into their campaigns go?, we can't have that!
They'll find a way around it. That's what they ALWAYS do.
This video has lots a great information and good real world explanations of what it would take to implement a digital dollar or CBDC.
Thanks for being a reasoned and un-hysterical voice on gold and silver. We need more like you, sir.
👏👏Excellent video
Trump said if elected there would not be any CBDC.
Yep.
But there will be bank issued deposit tokens, which are somehow worse
Trump is no be elected
He also merged his truth social with digital world aquistions corp
His new Wall Street venture
Looks like trump played you again, he already cashed out millions in shares
Trump isn’t changing shit wake up they are all on the same team
@@Z-J-what are those…
Thank you for addressing the false narrative and fear mongering around this. If you have to covert metals down the road, and CBDC is in place, still needs to be converted. Most nations are already testing CBDC and the US will have to address this eventually. Currently, the US is one of the countries behind in testing and thinking about the future. There are three countries that have it right now, and there are a few other countries leading the tests that haven’t yet converted. The future will require change. I appreciate your knowledge and breakdown of reality. Love your channel!!
Thanks!
Amen about the hype. I'm going to ignore the hype and keep stacking. Also, nice knife.
🤜🤛
Don't look now, but gold and silver already have to be converted to paper currency. So converting to CBDC would not be that different. Physically owned gold and silver are stores of wealth with no counterparty risk, regardless of the fiat currency in use.
This *assumes* that it will be legal and possible to convert PMs into digital dollars. CBDCs have enormous potential for reducing the
liberty of We the People. This is basically a giant financial hammer and to someone with a hammer, everything *eventually* becomes a nail.
My only real concern is the effects of debt on inducing a currency change. Everyone knows that a fed debt of over $34 trillion and a national debt of over $100 trillion is unrecoverable. What happens when the panic sets in? Just look to the Weimar in the 1930s and then consider the velocity of today's tech, and it's pretty clear how quickly a currency swap out can occur electronically. Those who have the gold make the rules, and the CBs have been buying PM at record pace for a few years now. The feds really don't care because they have the stockpile of the only things or real value and since they run the printing presses (virtually), they can establish whatever Quatloos they want, whenever they want, and it is of no consequence to them. With many states now establishing PM as legal tender once again, there's at least a possibility some communities will be able to make barter work in short order. For the rest of us, well, how many preps have you put up?
"... they can establish whatever Quatloos they want..." Love the Star Trek reference. 👍
"For the rest of us, well, how many preps have you put up?" Quite a lot, actually, mostly food, ammo, lead-throwers, garden supplies,
meds, PMs, and hand tools. Also, I've reloaded ammo for 40 years and have a good supply of lead, cases, primers, and powder.
The only situation I fear most is if the CBDC is backed by precious metals and history repeats itself where the gov bans the ownership of precious metals. :( I think it was the Gold Reserve Act.
Despite the high spot prices, ive found more deals on gold lately than I have in years, buying fractionals at spot for the last three months most of the time.
The time to buy? I havent slowed down in two decades. Its worked out well for me.
“Let us know if you think about these things.”
Nope, I don’t.
"Take your time, don't live too fast. Troubles will come and they will pass."
@@2is1gold Sounds like an ancient proverb. Great advice in any case. 👍
@@2is1goldwell find a woman,and you’ll find love, and don’t forget son there is someone up above
@@user-sv6jw2bv3i Somehow, I became very very lucky in life. I met my wife-to-be in high school, dated her for 3 years, and married her when I was a college junior.
She's the ideal woman for me. She's smart, good looking, considerate, kind, loving, a great partner in life, and a great Mom to our 2 kids. She likes to shop but is
also thrifty, so gets a good bargain on most of what she buys. Unlike a lot of marriages that come and go these days, my wife and I have been in love and living
together for the past 54 years. It is as permanent a bond as one can have here on Earth, as neither of us can even imagine living without the other's presence in
our life. I pray daily that I will pass before she does. Like many women, she is weak on the outside but strong on the inside, where it really counts when life gets
difficult. I thank God for her as the greatest blessing in my life and seek always to be worthy of this fine lady.
You have a voice for radio. 👍🏾
Ha, thanks. I read that as a face for radio the first time. 😅
❤ A voice of reason and sanity in a room of screaming hyperbole. Thank you again for just speaking a little reality.
🤜🤛
Thanks 2is1 for the level headed discussion. I stack gold and silver for all the wrong reasons as well as all the right reasons. But to get down to it I stack PM because I have a love affair with them that began when I was a boy and that’s saying something since I’m now 68. 9:18 . Keep the content coming.Thanks
It definitely has a way of drawing you in. Cheers!
I believe that Silver and Gold will become an acceptable form of payment when/if cbdc is introduced. I base my theory on smart Business owners already being owners of Gold and Silver, taking pm's as payment seems to me to be the new cash as more and more people accept it. Indian Business people spring to mind.
I have a 6 meter boat for sale and i will be happy to accept Silver or Gold as payment.
I know the market gardeners will accept pm's.
Excellent shit.
Much unlike Tedspeaks who screams, "Get your money out of the bank NOW! Buy pre-65 dimes because you'll need them to transact after the dollar crashes! DON'T buy Type II Eagles cause they are tracked!..."
Be careful who ya follow, folks
Ha, yeah. Those chipped Eagles will get you!! 😂
❤ cash gold silver
Excellent!
Got land. Got physical gold. Got physical silver. Got garden. Got orchard. Got God. Got dry powder. Got happiness.
So does Trump. You are fair game like all of us. Fight or flight ?@@yedidyah-jedshlomoh1533
Tell me please. I’ve got gold. How can I invest it? Google search shows zero results. Interesting, isn’t it? 🙂
I’m actually more worried about going cashless.
Is anyone getting spot price when selling to their LCS??
Yep.
yes
NO way will they force me to be vaccinated to get my CBDC
I had some habit that I’m not proud about 😅 this one is at least one makes me smile
What is CBDC?
2009 UHR for the win.
🤩
Agree on all points for the stated reasons. Now, don't confuse me with a bitcoin proponent, but IF, and that's a big IF, bitcoin (and the decentralized blockchain ledger behind it), ever becomes stable enough to be an actual currency, wouldn't that address all the issues you raise?
Yea do not go crazy and pull all your cash out. Have some assets outside the system.
The only reason I keep any cash in the bank is because they pay 5.25%
@@PoorMansInvestingya and when that bank collapses you won’t be able to get it out because you had it tied into a CD. They raised the rates to entice people to tie their money up in the banks because they’re running out of money…
Only keep enough money in your bank account to pay bills. Just my 2 cents.
YOU CAN'T BUY, SELL, NOR TRADE WITHOUT THE MARK. THIS IS WHERE ALL OF THIS IS HEADING.😢
The bank situation is a Mess. I know those that only hold what is needed for bills only. The rest in their mattress…🤔
It’s funny buy local stay local and guess what barter local gold and silver local. Know your neighbors! Then let them have their cbdc!
The more time is proceeding the more reasons I see to have gold.
Not sure why I'm buying....
🤙
If you had One Million cash 10 years ago. And have the same One million dollars today. You would of been able to buy way more 10 years ago then you would at this time do to inflation. But if you purchased One Million in gold 10 years ago, today it would still be worth the same as it was 10 years ago. Gold is a great hedge for monetary inflation. “Hedge”
I hear a lot of fear in the comments about the government. A good # of people in this country are under banked or don’t bank at all. Certain countries/ states have already made it illegal to run a cashless business. A cbdc is not coming anytime soon. But that’s my opinion.
So many people feeding that fear around here unfortunately.
Very logical.bottom line,find the folks with the same mindset and go from there.
Plop a copy of G. Edward Griffins book by Plato in there too
It’s coming maybe not this month but the devil will get his way.
I'm bartering some gold for a crown with my dentist.
Makes sense. Dentists need that stuff.
I’m buying gold silver crypto not in fear of CBDC’s but in preparation for a banking crisis.
Everyone knows you’ll ALWAYS be able to convert your precious metals to the current currency, especially to buy a house or car.
I'm so close to retirement and the government is so slow at doing anything. By the time the monetary system changes. I will most likely be gone. after that, I don't really don't worry about.
I'm not worried about a cbdc. At some point, we will have one to be competitive with other financial major powers, but it will not eliminate physical currency because... we will have to have physical currency to be competitive with other financial major powers.
I buy fine gold and silver because I think it's a great long-term savings account. I buy 90% because it's a fun hobby. At not point do I feel like trying to hall around 50 pounds of mercury dimes to barter with. Seems kinda silly to me.
Good angle.
"At some point, we will have one to be competitive with other financial major powers..."
Yes, like lemmings competing with each other in their made race towards the cliffs above the sea. CBDCs will have the very same effect on us all. 😕
The reality of CBDC is that's if going to be great and will start as a great deal
Lured in with entitlements? (That would be my guess.)
@@2is1goldThey already give financial incentive to use digital dollars via credit card and debit card rewards. It's already here. They only need to run another 'coin shortage' news cycle and stop issuing coinage at the banks to kick things off. Toss in another psyop about China exporting US metal, and from there they can take away paper over the course of a few years.
They’ll incentivize it like they did the Jab.
So was the federal income tax in 1913. Initially, it was only 3% on all income over $10,000 per year, a sum that very few Americans earned. Look at it now!
Too many dollars out there, never going to happen…
Still like goldback
Me too. 🤠
Not a fan. Goldbacks are great looking but still not ready for prime-time. I prefer gold and silver coins. Really like that more states are removing the
state cap gains taxes on PMs and am hoping that Trump gets elected and removes the national cap gains tax from gold and silver coins and bullion.
Central Banks Digital Currency.
Nothing wrong with a cache....
I don't believe in these doomsday scenarios either. You will indeed always need to convert into local currency first.
I'm stacking mostly to secure against inflation and save in a decentralized way. Aside from this gold provides a great hedge against stock market fluctuations.
...and it's shiny
Just makes good sense. 🤜🤛
What he said ☝️
If the Federal government wants to sell CBD or any cannabis products ... that is fine with me .. If they want to back our money with marijuana ... i think that would be dangerous ... I am against CBDC
For get them lets buy some more fisikol gold and silver 👈👏👍
Sd bullion=expensive, no doubt about that
The CBDC was never a deciding or even a considered factor in my buying precious metals. Add the fact that it would need to be converted to whatever currencies that await in the future. Maybe giving the holder a leg up after a currency reset. I made my choice for a few different reasons. Didn’t want to get stuck holding a bunch of worthless or greatly devalued dollars in the event of a financial collapse. I wanted to diversify my financial options, I wanted to hedge against inflation and I wanted an alternative savings account for retirement. Though precious metals are not and should not be considered an investment they are safer than most alternatives and do provide, though minimally some growth if held long enough. I like slow and steady. Not going to build wealth or get rich with precious metals however they provide some protection and financial security.
This makes a lot of sense.
@@2is1gold thank you Sir. That means something coming from you.
If CBDC is coming from the Atlantic Council think tank ... We're all in a bad "coucil" all together.
😊😊😊
#1..................
I think you should give me that knife. :-)
Ha! Maybe a trade! 😄
One world currency has entered the chat
Good luck
@@2is1gold Its in the bible. Why waste time with cbdc or brics?
@@Dark.Knight.CowboyIt also indicates one world government, one world religion, lots of horrific things you don't wanna see anytime soon.
Your best Asset may just be your Library of distilled Knowledge. Mark Twain is my guide.
1/10s?
Quarters.
@@2is1gold Ah
You guys in the USA have it lucky, Well here in Australia all sorts of games have being going on. On the 20th one of the top banks will not take cash or cheques. One of is refusing account holders to deposit cash. A few years ago the welfare department and have the cashless welfare card for certain people. And the worst the attempt to add 3 million (12%)extra to the population over the last 18 months. Housing is overpriced due to tax policy and we are waiting the big bubble to burst. While builders are going broke due to inflation and lucky to build 160,000 new dwelling this year. And we are ready to go with a cbdc.
Comment for the [lack of] doom.
✊
Do they really need the CBDC now that they've inserted FedNow between transactions? I think they'll force all banks and institutions to use it with incentives and disincentives. Once all use it, don't they effectively control the "bridge" over which all traffic must flow? I admit to a lack of understanding there, but it's something I've wondered. Also, we may need to convert a little metal into CBDC, or whatever new fiat arrives, in order to buy things we need like that new tire you mentioned. Oh sure, other things like guns; forget it But for just getting by, converting a weekly amount of metal back to just enough fiat to buy necessities seems, at least, feasible if still unpleasant and undesirable in a lot of ways.
FedNow’s instant payment model will check a box from the pros column of a CBDC. One less reason to jump into a CBDC.