Precious Metals Thoughts #7

in LeoFinance3 years ago

...we are in the 2nd month of 2021 and things have already changed dramatically in Cryptowolrd...
...Elon Musk got himslef into the game, at least officially, cause we don't really know what he was doing all this time unofficially....
....altcoins going through a bull run period..
....people around us asking more and more about BITCOIN as FIAT governments slap our faces again and again everyday by new rules and lockdowns that we have to suffer FOR OUR PROTECTION AND OUR SAFETY...
...but what is really going on with our precious metals??
...i will never stop saying that all precious metals is the foundation of our civilization....no matter FIAT or CRYPTO,i believe the solid base lies on the metals...

gvbhagr.jpg

...i was thinking the other day...
..just try to imagine what would have happened if in any way Bitcoin could connect somehow to Gold...
....i don't know in whιch way this could have happened... maybe lets say backed up from Gold... a part of Bitcoin get connected to some gold reserves, bound to back up BTC...
...anyway i'm not the Economy-Guru to find out how this can work i'm only saying just imagine this..
...i think this would not only add value to Crypto but would launch a whole new Era on Crypto...
...let me give you an insight on today's prices..

...GOLD is trading at 1835$ per ounce
...SILVER is trading at 27$ per ounce
...PLATINUM is trading at 1179$ per ounce
...Rhodium is trading at 21400$ per ounce (this is not a joke)

..would you invest in Precious Metals at this price lvls?....my answer is why not?...i wanna get metals in my portfolio...especially on their nature form...not in digital assets...if i posses 10gr lets say of PLATINUM...i posses something that buys me stability and from my point of view safety...
...just imagine now Crypto gets in touch with metals...
...i do confess that if this could happen i would be willing to change even more FIAT for Crypto...

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...FIAT loses its value by printing more and more fake paper-money day by day...
...even dollar is not stable any more
..Metals gain more popularity on investors portfolios as Crypto does!!!
...all these trends show us something and the only catch is to keep our ears and eyes open...
...where does the future lie???
...easy question to be answered!!!!!!!

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Purchasing Power! Great graph that gets to the point.

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There are various crypto currencies connected with gold, e.g. PAXG, but I am unimpressed. Gold is a thing of the past.

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gold?....thing of the past??....i totally disagree,but i think that's the fun of it. If we all agree on something we would never move forward!

Gold and silver will always be a reliable store of value, because they are necessary for the production of computers, smartphones and satellites, and our civilization will continue to become more and more dependent on these resources as the years go by. They will always be scarce and valuable.

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Rhodium is trading at 21400

damn i don't even know about that one

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