Gold / silver money standard, will it ever happen?

[EdNug]

7 minutes ago, AgCoyote said:

 democracy is a terrible form of governance.

There is no such thing as democracy without sound money

[DarkChameleon]

4 minutes ago, AgCoyote said:

No offense but this is laughable. One, democracy is a terrible form of governance. I can't take these positions seriously when the US is actively trying to put the screws to Assange for what? Exposing war crimes and the inner corruption of party politics. Guess what American politicians and their buddies rob the public blind for government workers and the Military Industrial Complex. 

Governments support the military so the military will support them...you don't want to promote a coo....democracy in its truest form is ok, but then so is communism and socialism, they all work on paper but abuses of power ruin them for everyone, who hates community?, who hates one person one vote?., who gates a country working to help itself?...only peopke who lack ethics, who lack empathy, who want to exploit their fellow man and who are narcissists at heart, giving a sliding respect to peopke based on their dna and ability to benefit themselves.

We live in a laws created by the rich to benefit themselves world, no matter what country we live in, our political or economic structure is based on a pyramid of greed for money or power or influence, we try as the mice do, to live on the scraps without being caught in the traps of exploitation from healthcare costs, from becoming too much of a nuisance that we become surplus to requirements.

I don't drink the coolaid, I just try to surf the sh*t storm that is greed, power and influence aka the human condition.

[DarkChameleon]

On 14/06/2019 at 16:52, goldmember44 said:

Dude... retail investors of gold bullion make up only a small fraction of gold sales. central banks buy hundreds of tons of gold... and yes he is right when he says that the central banks have been hoarding gold like mad... it is unprecedented, I urge you to look just how much gold China and especially Russia has bought in the last 10 years.. and they are aggressively continuing to stockpile gold. And they're not the only ones, this is now a feature of world central banks. European countries are also repatriating their gold now... Germany, for example, most recently. Gold is in demand like never before in recent history at government level. I really do think gold will play a larger role in the world financial systems going forward.

A lot of gold we see is jewelry, it's a canibalistic approach to pms, they simply melt broken and sold jewelry down to then use it to make yet more shiny stuff that we buy, lose money on, sell when we need the cash and it goes back into the pot, a lot of countries sold some of their gold, some sold all of it,russia, china, india are hording but most gold moving around the globe that we see is trinkets...we as stashers are the exception, not the rule..we buy bulion for the most part...Russia and China horde but their wealth or a apart of it is based in their pm holdings which make it imprerrative that they keep the b value of gold and silver low for them to purchase and high for them to use as collateral, one reason gold is being held below $1350 and silver under $15 yet not falling to $1000 or $10 buy them selling gold onto the open market.

But the biggest influence to hit either metal would be consumer confidence or lack of hense the PR'ing to hell to buy or sell, from hording countries to dealers, from dealers to consumers.

[DarkChameleon]

15 minutes ago, EdNug said:

There is no such thing as democracy without sound money

You take a group of people and ask them what they want to have for dinner, they show by raising their hands, democracy at its core, now ask people to vote for a president and put an electoral college in the middle, democracy fails...did the voters make it fail?...nope, the politicians did, why?, to hurt democracy or to empower themselves?...power corrupts, and this isn't a left versus right, the electoral college works both ways...Communism worked for about a week, the same as the french revolution, the same as the war of independence, the powers that are putmin,place for one reason never want to reliquish it, the reason every idiology fails, there doesn't have to be a majority of  corruption, just enough to weed it's way to the top to then nest.

[RacerCool]

2 hours ago, goldmember44 said:

Who told you all this stuff? Just curious. Because I know there are some venues peddling lots of lies about Russia, and it has gone mainstream unfortunately with this Trump-Russia hoax. Be careful what you believe, I'd be skeptical about anything concerning Russia coming from sources like CNN, The Economist and the like. They have a history of trying to smear Russia with lies and disinformation. Often completely fabricated. Unfortunately these sources are driving the narrative on Russia in today's America. But if I were you I'd take it with a pinch of salt. I've been following Russia since 2000 very closely, since Putin came to power. And I know for a fact that much of this stuff is falsehood, made up stories.

I don't believe anything they say.  As for any other source, I take it all with a grain of salt.  I haven't watched them in years, but even back then the only thing CNN was good for was watching Robin Meade on mute.

[Ryland]

The only “backing” money will have in the near term is carbon credits.  That’s the next scam being set up right now by those in power 

[Ryland]

1 hour ago, DarkChameleon said:

You take a group of people and ask them what they want to have for dinner, they show by raising their hands, democracy at its core, now ask people to vote for a president and put an electoral college in the middle, democracy fails...did the voters make it fail?...nope, the politicians did, why?, to hurt democracy or to empower themselves?...power corrupts, and this isn't a left versus right, the electoral college works both ways...Communism worked for about a week, the same as the french revolution, the same as the war of independence, the powers that are putmin,place for one reason never want to reliquish it, the reason every idiology fails, there doesn't have to be a majority of  corruption, just enough to weed it's way to the top to then nest.

Democracy doesn’t work, it’s just mob rule.  A lynch mob is democracy in action, if the mob wants your what you have they can take it. Fair Laws and a fair legal system to support them is what works, something that no country currently has.

[DarkChameleon]

if a whole country votes to take your stuff then they have a mighty good reason to do it...just personal gain is the same problem of having greed and narcissism rule....anothet attack on raw idealogy

[Ryland]

40 minutes ago, DarkChameleon said:

if a whole country votes to take your stuff then they have a mighty good reason to do it

I don’t agree.  Look at the Nazis taking from the Jews, United States taking from the Indians, England taking from Africa, India, Asia... basically everyone!  Was any of that morally justified?  What’s important is the rule of law.  Moral and ethical laws written for all time.  One might even call that religion?   Moral and ethical law and culture are key to having a stable civilization, out of that should come sound money.  This is actually the key question of humanity and brings up old arguments that have been long forgotten such as usury as defined by the charge of ANY interest on money lent. 

[Bimetallic]

5 hours ago, DarkChameleon said:

Governments support the military so the military will support them...you don't want to promote a coo....democracy in its truest form is ok, but then so is communism and socialism, they all work on paper but abuses of power ruin them for everyone, who hates community?, who hates one person one vote?., who gates a country working to help itself?...only peopke who lack ethics, who lack empathy, who want to exploit their fellow man and who are narcissists at heart, giving a sliding respect to peopke based on their dna and ability to benefit themselves.

We live in a laws created by the rich to benefit themselves world, no matter what country we live in, our political or economic structure is based on a pyramid of greed for money or power or influence, we try as the mice do, to live on the scraps without being caught in the traps of exploitation from healthcare costs, from becoming too much of a nuisance that we become surplus to requirements.

I don't drink the coolaid, I just try to surf the sh*t storm that is greed, power and influence aka the human condition.

Here I am. I hate one person one vote because most people have no business voting or having political power. And I don't fall into any of your silly categories. Philosopher Jason Brennan's new book "Against Democracy" is worth reading.

Communism and socialism definitely do not look good on paper. I despise the popular notion that they "work in theory" or that they somehow represent noble ideals. Communism and socialism are the most evil ideologies I know of.

[DarkChameleon]

1 hour ago, Ryland said:

I don’t agree.  Look at the Nazis taking from the Jews, United States taking from the Indians, England taking from Africa, India, Asia... basically everyone!  Was any of that morally justified?  What’s important is the rule of law.  Moral and ethical laws written for all time.  One might even call that religion?   Moral and ethical law and culture are key to having a stable civilization, out of that should come sound money.  This is actually the key question of humanity and brings up old arguments that have been long forgotten such as usury as defined by the charge of ANY interest on money lent. 

The nazi weRe not the majority, even Germans will admit to that, england wasn't the majority in africa, not even close...democracy is for yourself not everyone else..remember the deal for hawaii to join america, it wasn't a democratically held vote by Hawaiian but a vote by americans stationed in hawaii...democracy was abused not proved bad...if the people of a place vote democratically to do something in their own land then it's a decision most agree to, but invaders or minority voting is not democracy, it's dictatorship.

[DarkChameleon]

50 minutes ago, Bimetallic said:

Here I am. I hate one person one vote because most people have no business voting or having political power. And I don't fall into any of your silly categories. Philosopher Jason Brennan's new book "Against Democracy" is worth reading.

Communism and socialism definitely do not look good on paper. I despise the popular notion that they "work in theory" or that they somehow represent noble ideals. Communism and socialism are the most evil ideologies I know of.

The majority choose because the majority will have to live with the results...if only the politically smart choose then that's certainly not the will of the people, the idea is to give everyone the vote who has had a good education, the reason so many don't like democracy is because they have willingly undereducated the people so they see the majority as too dumb to have the vote, it's not their fault, If you don't educate people your always going to have a majority of illl educated people, that is the capitalism creating and holding a section of I'll educated people who are uneducated enough to be willing to take m3nial jobs and too insecure to demand better pay or education for themselves or their kids.

 

Communisl/socialism with good education and country pride creates good wages, quality workmanship and generational wealth, perhaps not  multimillionaires but middle class...it's only when the employers get to call the shots and demand politicians act against the people to keep education low, wages low and quantity over quality that the whole thing crumbles..that's where the real laws should be and be unheld, stopping the abuse of the majority by the minority.

[RacerCool]

"All who gain power are afraid to lose it. Even the Jedi..."

The best scene in the entire prequel trilogy:

 

[cjj]

 

test

[cjj]

Kinesis.money is the future - blockchain allocated precious metal. Why aren't we all in the precious community going crazy about this. It's stored allocated metal, digitalised via blockchain for easy transactions using debit card. With a POSITIVE YIELD! No storage fees. It's unbelievable and why is this not major news rippling through the community. I implore you to check it out as it will be disrupting the entire market space

 

https://www.youtube.com/watch?v=z46UvutJ8v4

 

[goldmember44]

3 minutes ago, cjj said:

Kinesis.money is the future - blockchain allocated precious metal. Why aren't we all in the precious community going crazy about this. It's stored allocated metal, digitalised via blockchain for easy transactions using debit card. With a POSITIVE YIELD! No storage fees. It's unbelievable and why is this not major news rippling through the community. I implore you to check it out as it will be disrupting the entire market space

 

https://www.youtube.com/watch?v=z46UvutJ8v4

 

I guess many people don't know about it, I certainly didn't. Just saw the word here and there but never looked into it.

[HawkHybrid]

20 minutes ago, cjj said:

Kinesis.money is the future - blockchain allocated precious metal. Why aren't we all in the precious community going crazy about this. It's stored allocated metal, digitalised via blockchain for easy transactions using debit card. With a POSITIVE YIELD! No storage fees. It's unbelievable and why is this not major news rippling through the community. I implore you to check it out as it will be disrupting the entire market space

 

https://www.youtube.com/watch?v=z46UvutJ8v4

 

 

who is it that is paying for the storage of the metal?

 

HH

[cjj]

Just now, HawkHybrid said:

 

who is it that is paying for the storage of the metal?

 

HH

It is an entire monetary system so will take a lot of reading to fully understand its genius and potential impact. To simplify here though - there is a 0.45% transaction fee which is put into a fee pool and shared amongst everyone within the system. Storage is actually free. And you gain a positive yield. The whitepaper can be downloaded from the bottom of the page on their website for better explanation

[goldmember44]

How much is the yield? It's like a type of interest?

[HawkHybrid]

25 minutes ago, cjj said:

Storage is actually free.

 

similar to how companies claim 'free' delivery?

 

HH

[PansPurse]

1 hour ago, cjj said:

It is an entire monetary system so will take a lot of reading to fully understand its genius and potential impact.

Are you saying that only the wise can see its value?

[swAgger]

38 minutes ago, PansPurse said:

Are you saying that only the wise can see its value?

He isn't saying that at all.

The blueprint document is immense. trying to outline key points as he has done is good, but it didn't take long before even the free vault storage was brought into question, for instance. He is right, worth the research if interested. Allocated, audited, physical silver and gold monetized on blockchain. Not just backed by the metals, it IS the metals.

[PansPurse]

Just now, swAgger said:

He isn't saying that at all.

The blueprint document is immense. trying to outline key points as he has done is good, but it didn't take long before even the free vault storage was brought into question, for instance. He is right, worth the research if interested. Allocated, audited, physical silver and gold monetized on blockchain. Not just backed by the metals, it IS the metals.

Oh I waded through one of the versions of it a while back and... hundred foot isn't a long enough barge pole in my opinion.

[Groundup]

This is definitely a marmite investment. 

You going to like it or not.

Personally for me it's part of a diversified portfolio strategy, if it does well all good. If it doesn't  I still have my stack + other investments. 

Even if people don't partake in the initial KVT part they can still purchase Au/Ag and have stored allocated bullion with a yield.

 

Only invest what you can afford to lose.

Not long to wait to see the outcomes.

 

[EdNug]

4 hours ago, cjj said:

Kinesis.money is the future - blockchain allocated precious metal. Why aren't we all in the precious community going crazy about this. It's stored allocated metal, digitalised via blockchain for easy transactions using debit card. With a POSITIVE YIELD! No storage fees. It's unbelievable and why is this not major news rippling through the community. I implore you to check it out as it will be disrupting the entire market space

 

https://www.youtube.com/watch?v=z46UvutJ8v4

 

I looked into it a while ago, from what i understood the opening offers were only available to US investors with a minimum bid of $1500. There was also a huge amount of jargon involved in the blurb. I've heard Andrew Maguire talk about it a lot, i glean what i can but not being fully up-to-speed with all the masses of financial jargon involved I struggle to understand the finer details.

I fully agree that Blockchain gold with crypto security is the best answer to sound money that the world has ever known - the only problem is the current manipulation of the gold price, its great to hold for future/emergency use but I'm not sure i'd want to spend it on a daily basis whilst the current system of price suppression and manipulation is in place.