Replying to Avatar Jack Spirko

Your great grand parents saved money. They didn't invest all their surplus they just saved it. Why? It was "hard money" until 1971, so saving worked.

They conned us all. With fake fiat money. If you want to be a saver in 2024 you need hard money.

#Bitcoin fixes this.
a5
🫥 1y ago

Gold and silver are still hard money, just not legal tender anymore. Saving all three forms of money us still currently possible, and diversifies risk in a portfolio.

Reply to this note

Please Login to reply.

Discussion

Avatar
Jack Spirko 1y ago

Move 1 million dollars of gold to Japan or 30K of silver to the closest nation 3 borders away and tell me how great they are as money. Go ahead, tell me the real cost.

The hold outs for magic metal are a joke at this point. It has a place but it isn't as money.

a5
🫥 1y ago

Most folks don't or can't do that. In that story, it isn't money, it's insurance, or a store of value/wealth. It can do multiple things and adapt to the situation.