Gold Money - Or Rather Gold Is Money
Earthquake? Grab your Go Bag. Tsunami turns into a hurricane? Find your Go Bag. You ran out of ranch Wheat Thins and celery with peanut butter and two armed robbers just broke into your house, possibly wielding automatic weapons? Go Bag it.
And, just recently, my daughter, Angela Moore, has been on the last two hangouts. What do they talk about? Mostly inspirational stuff. I like to watch in parts every morning while I'm working out because it's a great way to start the day and really helps to give me a positive mindset.
At this very moment, all over the globe, approximately 85% of non cash funds are being converted to digital money...the days of World Paper Money are numbered and...there is nothing that you or I can do about it. It is the wheels of progress at work. Take it or...
There are many many cvv-Su.ru products on the internet which are being sold by people who do not even have a basic understanding of what they are selling. Many are blinded by the commission figures, the potential for sales, and forget about researching the actual product.
Also, producers have accelerated the unwinding of their hedge books. Years ago, mining giant Barrick Gold pre-sold much of its production forward under contract, promising to deliver at hundreds of dollars an ounce lower than where the metal trades today. In a better-late-than-never development, it recently decided to buy back all of its hedges - in the process, suffering a loss of several billion dollars...and adding to global gold demand.
Throughout history both gold and silver have functioned as money. As commerce became more sophisticated, various means of dealing with gold came into being. One such way was to pass on gold receipts as negotiable financial instruments. The process was simple. You stored your gold with a goldsmith who issued you with a receipt for the same. Now you could pass on that receipt to another - and pass on the claim to your gold. In this way gold became the backing for such receipts allowing for the easy carrying cvv-Su.ru and transferring of value. Of course gold coins were also common - like the cash of today.
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This would appear to be out of the proverbial Ripley's Believe It Or Not. But as mind-boggling as it may seem, word has it that in the not so far future, World Paper Money could very likely be replaced by electronic-digital currency.
Back in 1969, when Simon & Garfunkel recorded "Bridge over Troubled Water" the duo had a gut feeling that this song was going to make a very big splash. And they were right, as their recording went on to become a number-one hit (staying atop the charts for six weeks) - while being covered by literally dozens of other singers.
It is perhaps inevitable that this type of digital, peer to peer, currency would rise, but it is the flaws in the current systems that are giving it a boost. As people lose faith in the government and banks, they are going to be looking for something that will provide more options. They will see the advantages of skipping the middleman of credit cards. International transactions will start to happen skipping the middlemen of banks and wire services. As national currencies destabilize, they will start to see an electronic, non-national, currency as a good reserve currency to hedge against inflation, runs, etc.
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I didn't "keep my eye on silver" until recently, that is, when that very same bag fell out of my office closet four homes, five states, several careers, and some 30 years later. It threw BTC itself at my feet. The internet made it easy to look up each coin and to my surprise I discovered a quarter worth $15, a dime worth $8 and a nickel worth $5! Not exactly a windfall but enough to convince me that there's something to all this silver talk. It is clearly the silver content that drives higher coin value.
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But, when you let that good old Edison light bulb flash in the head for just a moment, bingo, you will realize that we already are using a replacement for paper dough. Voila...Plastic money is already here...Eternal bliss of electronic wizardry to the rescue of the final frontiers of human development. Wired cvv-Su.ru magic you may choose to label it.
