Saving In Gold

Mary Stetler said:
Changes and control happen. Trump's new Fed head might cause some more changes. Trump has crypto on his radar. To me, crypto is a money pulled out of the air. Digital, not much better. But then, I will never be rich.
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Trump and his Cabinet have mostly been talking about Stablecoin.

This is crypto based in its mechanism and involves "digital wallets" to hold balances and make payments. But the "value" is based on something, not just conjured. The "something" can be Treasury Bills, or physical gold, or something else like shares in a company or operation. For example a Stablecoin might hold farmlands held in a trust. These accrue value through tenant farming by farmers who lease the lands for use. Or oil and gas fields, or shipping ports, or even groups of factory holdings or mines.

I'm not big on the idea, but as I hear more details it begins to make a kind of sense.
 
Jacob Petersheim said:
Trump and his Cabinet have mostly been talking about Stablecoin.

This is crypto based in its mechanism and involves "digital wallets" to hold balances and make payments. But the "value" is based on something, not just conjured. The "something" can be Treasury Bills, or physical gold, or something else like shares in a company or operation. For example a Stablecoin might hold farmlands held in a trust. These accrue value through tenant farming by farmers who lease the lands for use. Or oil and gas fields, or shipping ports, or even groups of factory holdings or mines.

I'm not big on the idea, but as I hear more details it begins to make a kind of sense.
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Treasury bills are easily inflated out of the ether.
We will see.
 
Mary Stetler said:
Treasury bills are easily inflated out of the ether.
We will see.
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Huh? They are debt, sure. But that does not make them non-assets. Your debt is the bank's asset.

Maybe you don't understand what inflation is. Inflation is the printing of more currency against the same asset. A non-currency annot be "inflated."
 
I have three syblings. Two of which are wealthy. They invested in real estate on credit. Paid off with rents. They increased in value over time--some periods more than other. Same with gold and silver. Which was controlled until their real value was realized. Then they exploded. Land, timber, some equipment...tangible assets. My house will always be worth a house.
Yes, I have bought bonds. Lately the price goes up because the buyers went down.
If you read the fine print, even your money is the banks asset.
When things unravel, my house is worth a house.
I have no debt.
 
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