You are viewing a single comment's thread from:

RE: Early Market Update and Why Fiat Money Poses a Bigger Threat Than CO2.

in #market7 years ago

While fiat monetary systems are inherently flawed, I'd say that Gold and Silver also have a critical weakness.

They are ring-fenced by the governments that control their distribution and trading. It is a hard pill to swallow, but if precious metals were truly able to threaten government sovereignty, they wouldn't allow them to be bought and traded.

I know it isn't popular to think this way, and that it may just sound like a complete outlier theory -- but recall whenever precious metals are deemed a threat, the confiscations begin.

Its a dangling carrot that is used to keep elements of the population pacified, while its utility is constantly being eroded.

Coin Marketplace

STEEM 0.19
TRX 0.17
JST 0.030
BTC 79785.54
ETH 3213.82
USDT 1.00
SBD 2.79