I think you are 90% wrong, saying money will never be backed by gold again.
Every time the World Reserve Currency switches countries, it is backed by precious metals. 100%.
The next World Reserve Currency is already here, and already being used. People who are not world-class banksters are not able to transact in this currency, but it's called the SDR, "Special Drawing Right."
The U.S. PetroDollar is already done - it's just dying a slow, cancerous death - rather than having its' head chopped off and dying quickly. I would say that the transition from USD to SDR's is already about 40% to 50% complete.
The current process of changing the World Reserve Currency is, I think, being purposely hidden from the common people. The last thing that governments, banksters, and global corporations want is for everyone to have open access to their books, for which they would have to be accountable for.
So, they are selling everyone on how great crypto is, and how great blockchain is - but they, themselves, are buying $#!t-tons of gold bullion as we speak, and they have been increasing their gold bullion purchases every year since 2010.
If you don't already know, the Bank of International Settlements is The World Central Bank, for all national Central Banks. And, on April 1, 2019, the BIS just re-monetized gold bullion, to 100% cash status. In other words, they put all of the big banks in the world on notice: they want to know where the gold is, who has it, how much, and why are they doing this now??? Is it because precious metals have no use as a monetary instrument??? I don't think so!
I'm not negative on cryptos, but I do have a healthy respect for the fact that they are on a blockchain which every government on earth has a very keen interest when it comes to taxing the hell out of the common mans' profits.
If you think that governments, banks, and corporations are going to be forced, by blockchain technology, to lay their financial books bare to be accounted for - I think that's dead wrong. Cryptos will be used as a sort of, "final financial solution," whereby every bit of money that is earned or spent will be kept track of and taxed. That's why we keep on hearing all of this noise about, "The End of Cash." Governments can not tax or keep track of all cash transactions.
Plainly put, Gold and Silver is money, it is cash. It is accepted in every country in the world, where it can be exchanged for local currency. As long as there has been money, gold and silver have been used in this capacity.
The best thing about owning your own stash of gold and silver bullion is the fact that you can dig a hole in your local forest, bury it, and save it for a rainy day. No government can keep track of you that way - and the last thing a government wants is for you to be able to buy & sell things without paying your taxes.
Personally, I have been using crytpos to buy more bullion - which a lot of crypto people have also been doing.
Because, ultimately, a good life is about being free to do what you want and live your life where and how you want to - not where the government, your bank, or your boss tells you to. I think that there is a role for both precious metals and cryptos to play in the future of freedom and self-determination - but I think bullion is better for promoting free markets, free trade, and freedom of movement (although silver is very heavy). Most people could carry their entire life-savings around in one pocket, if they saved it in the form of gold coins. Why would anyone be keeping their life-savings in a bank or other paper contract, which is backed by nothing but paper? Or electronic codes? The point is to be completely free of government and banking interference in your life, whenever possible.
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Digitization of everything has already proven to have unintended consequences, in some areas. For example, take the U.S. Health Records digitization movement: I was reading an article today, as I waited for my doctors appointment, that was describing how badly the move from paper to digital has been going so far - and it's going very, very badly. In fact, $36 Billion in U.S. government spending has created a complete fustercluck for doctors, patients, insurance, regulators, etc. So, just because something seems good in theory, it doesn't always work out in practice.
I would argue that something similar could happen here with the digitization of money. Whether you have cryptos, FIAT, or precious metals - they all have their uses, pros, and cons. However, there will always be that element of society which insists on the free use of cash/money for the simple right of freedom and self-determination - and they will avoid cryptos, vote for politicians who promise to preserve cash or precious metals as legal tender, not to mention the criminal element/black markets which will always find ways around the man-made systems of currency exchange and tracking.
The same thing goes for building and living. Despite the conveniences of modern living, automobiles, and machinery, you have to have some respect for a solitary man who decides to check out of the rat-race, trek out into the wilderness with a canoe full of supplies, and build his own log cabin - for a 2-year break from civilization.
Digital information systems have amazing properties and abilities, but they are not yet a panacea for solving every problem of mankind. They may be more so in the future, but we're not there quite yet. People will always value diversified solutions which provide redundancy and backups for failure and crisis situations. Next to the digital, I believe there will always be purists who like to stick with the physical - with "what works." Not to mention the fact that the gap between the technically literate and illiterate will only continue to widen as that technology becomes more advanced - which will drive a portion of the population in another direction, away from high-tech.
Precious metals always spike in value during times of war, crisis, financial catastrophe, etc. There is no reason to think that, in general terms, the human animal will suddenly "evolve" through the next world crisis, and collectively decide to turn to high-tech solutions as opposed to real, physical, kinetic solutions which are tired and true. Gold and silver have always been money, for as long as there has been money, and that's not about to just up and disappear from our experience.
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Expect to see a Major Monetary Event in "less" than Five Weeks...
May 30, 2019... #ssg-membership