The Future Path of Gold / The Future Path of Bitcoin
The future of gold and bitcoin are quite clear. The problem is, in the specific, how are we going to get there? When are we going to get there.
In, what i will call "the far future" (although it is less than a half century), gold isn't a monetary metal. And bitcoin is the world reserve currency. (a caveat - it may not be the bitcoin that we know now.)
Govern-cements have a great deal of influence on how we get there, but none on if we get there. In fact, govern-cements, as we know them, will collapse here quite quickly. Specifically, the corporations that are pretending to be governments.
Banks will have a greater influence on how we get there. Such as, imagine a world where the banksters have bought up all the bitcoin, well then, a new "bitcoin" will be created, and the old blockchain, with all the banksters' money in it, will be left to rot. However, the thing about real money is that it has to be spent. You can't borrow more into existence. So, if you want something, even if you are THE head banksters, you have to spend it. And, now you don't own it all.
Gold, the path to $1
The last step is that we learn how to vibrate gold out of pile of rocks. You bring your boombox out to a pile of gold containing ore, and just rock out for a bit. And you have a pool of gold. Gold is just a pretty yellow metal.
Before that, there will be this backlash against gold-as-money. Several things happen that destroy gold's reputation. The people will reject it. Something as serious as: "it is no longer god's money, it is Satan's money, and we will not touch it"
- We find out that the Rots-childs have more gold than all the banks in all the world
- The Rots-childs have been using that gold to fund all the wars
- The Rots-childs are paying their private army, that is hurting us, in gold
- Good people who see that the Rots-child armies are hurting people, will not take gold for payment
- Everyone learns that gold is not that rare.
- The Rots-childs get dug out of their bunkers
And, before that:
People will run to gold to survive the galloping inflation.
People will pan for gold to get money to buy food.
Gold has gone WAY up in price
COMEX loses authority over price
Gold is hard to convert, but many "conversion" places pop up. Including many rich people, who just want to buy gold direct from the consumers.
Gold will be hard, or impossible, to get at your coin shop.
And, even before that, in the now time:
COMEX will do desperate things to try to control the price of gold.
They will try to tokenize gold, and put it on a blockchain. (it doesn't go well, but it lasts for a while)
Many countries, seeing their currency collapse will try to issue gold backed, or gold and basket backed currencies.
So, gold will become very valuable, and then used to make hypo-allergenic, non-stick pans.
Know when to sell. (when you can get into something else, that won't be going down)
Bitcoin, the path to $10,000,000
This path is harder to describe because we don't have all the pieces yet.
But, imagine a system of interconnected blockchains. Where you send whatever crypto you have, and the other party gets whatever crypto they want. And, it is all priced in satoshis. And a satoshi is a significant amount of money.
Understand that this is just an era, that will pass. In "the far future", we will stop using money. In the future we will use a system of computer-aided-barter. And so, this coming time of bitcoin working as cash (much better, much faster, crosses borders, cash) is only a relatively short period in time. (relatively speaking)
So, we will start shifting to bitcoin as money when it hits a million per. At that point, so many will be FOMOing in, well maybe not FOMOing in, but FUDing out of currencies. Currencies are dying and INFLATING. So, maybe FUDOMOing, as people can't get any silver or gold, but you can buy one satoshi. Or a whole DOGE. And people/businesses are accepting them for payment.
Also, at this time,before this time, many banks will be issuing stable coins. Banksters believe that the reason why people like bitcoin is that it is a digital currency. And so, they will give the masses a digital currency. And just in time as the old currencies are all dying. But as the banksters show their CBDC side, and start blocking people's access to their money, then those who got used to blockchains will get away from the centralized stuff.
More people pile into the bitcoin ecosystem.
People demand to be paid in bitcoin, somewhere in the middle of all this.
People do gig work for bitcoin.
And the bitcoin economy becomes a real thing.
Who wins?
Those who bought gold at under $1,000.
Well, as long as they cash out before people realize how not precious gold is.
Those who have bought into bitcoin, or any solid crypto project.
All of these people will be able to survive through this coming tumultuous time.
I wish we all could just start using bitcoin, but we all know how much an uphill battle that has been.
And, after all this. After the return of sound money, we all win.
The banksters lose.
It is actually not a great question to ask, which one wins, gold or bitcoin. Because it is really about getting across this tumultuous time. You will want cash (not in the bank), silver and crypto. Each one at various times.
When the banks close, having cash, in your hand means you will be able to buy things. People are used to cash, and they won't immediately stop using it.
BUT, soon after the currency starts hyperinflating / people lose faith in the currency, and so people get rid of it as fast as possible. Buying anything. Anything is better than losing half of your purchasing power. People will be looking for an exit. And that will be crypto and precious metals. (at least while people will still take currencies for those)
Gold is not good, UNTIL!! the grocery store sets up an assayers table just inside the door, or someone in a van is trading grocery-script for gold in the parking lot. Until then, gold will be VERY inconvenient to transact in. You need to be able to survive across this time.
People will start accepting cryptos as soon as people start accepting cryptos. Any day now… yep, any day now
Soooo, during your wait, FOOD will be the most important thing to have.
Food wins, hands down!