I hope that one way or another I would be on the good side of the barrier.
However, the good side of the barrier will depend on the type of survival.
If this is the daily hell, I'd prefer to leave.
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General / Off-Topic Instability signs
- Thread starter Robin of Spiritwood
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However, the good side of the barrier will depend on the type of survival.
If this is the daily hell, I'd prefer to leave.
( )
It has very little inherent value; we're currently using only miniscule amounts productively, mainly in electronics and medicine, and for those purposes it's overabundant and we could stop digging up more of it and be good for a long, long time even before considering that it's easy to recycle. The vast majority goes into purely fictitious value like bullion or jewellery. In my opinion it doesn't make a vast difference if we put value in that, or in cryptocurrencies which are ultimately just made-up numbers with artificial scarcity (and their ludicrous overvaluation is yet another sign of how stupid this whole thing has become). We may as well keep it simple and just write some numbers on pieces of paper and base our economy on those oh wait.
Even the brioche-based economy proposed by Marie Antoinette in 1789 made more sense :-D
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And using tea leaves as a currency.
We could argue what constitutes money forever. People have.
My point is that if the global bankers are stockpiling an asset they haven't for a few decades, it's wise to pay attention, especially if it's an asset anyone can procure and store with relative ease.
Unfortunately, I can't contribute Arx to my RRSP.
It is forbidden to drink the money.
It worked for ancient Chinese, it would work again.
Good point. They could be guying a lot of gold simply because they want to artificially jack up the prices.
It's an old trick of theirs. Buy a 100 million worth of gold. That raises the local market price by 10%. You suddenly have 110 million worth of gold.
Three JPMorgan metals traders charged with market manipulation
US prosecutors allege ‘massive, multiyear scheme’ to defraud customers
www.ft.com
Metals traders have actually been arrested for price manipulations.
If the banks wanted to speculate about any commodity, they would certainly not actually buy the commodity. That is what leveraged options are for. They are buying lifeboats.