This Is Going To Be A Big Question, Especially When Gold Goes WAY Up
When Bitcoin was first heading to $100k, the bitcoin maxis were saying that this is a sign that bitcoin will be the next world reserve currency. And then, as bitcoin flirted with $100k for over a year, people started wondering if the bull market was permanently forgotten…
Now, gold has gone over $5k, and people are talking about gold backings, gold reserves, gold money, gold crypto (and it is a group working with Ripple who is working on digitizing gold). Trump has announced to watch tomorrow, and what many people expect is for gold to be revalued, or something similar.
Both gold and bitcoin are being suppressed, and us peasants aren't allowed to know the real prices. So, we cannot accurately predict this market, except by guessing.
All that is left is to try to view the BIG picture, to build a large enough model, that it has a chance to accurately determine what is going on in the market.
Again, timing is the killer. If you can see into the future. (None of this is financial advice, and the numbers WILL be wrong, because i cannot anticipate how fast the dollar will fall)
In the far future
Maybe by twelve o'clock next Thursday…. joke joke
Further than 50 years, but less than a few hundred, we will stop using money.
Not because money is bad or evil, but because we have no need for it anymore. And this has more to do with humans growing up, becoming more spiritually evolved, that it does with anything technical about money.
When most people stop thinking in scarcity, and start thinking in abundance, and the universe mirrors that abundance, this is the start of not needing any money. Because each person can synchronistically bring to them what they need, when they need it. It isn't about intellectually knowing, or because of any reason like wanting to keep money from being used for evil. We will see things like replicator technology, or really advanced 3D printers, or Food forests grown everywhere so, wherever you are, you can go graze. The abundance mentality does not show up because of these technologies, the technologies show up because of the mentality.
But before then, we will work with a computer-aided barter system. It matches needs up with people who can provide those needs. A much better thing that uses money. But it only works when people, not corporations, can provide all the things/when everyone can provide something for trade.
Sooner than that
We will have a crypto-currency based money system. This system is very decentralized, and is more of an ecosystem than a single chain.
Banks and banksters are gone. They have nothing to offer the people. Even their crypto custodial service turns out to be a bad joke (if destroying people's savings is a joke). Even the free toasters cannot attract someone to open an account with a bank.
Gold is also gone as a monetary metal, and even as a precious metal.
Several things happen, and i am not sure of the order:
- We find out the rots-childs are hoarding so much gold that they can provide jewelers with gold for jewellery for a century. By themselves, without mining a single ounce more.
- We find out that there is a LOT of gold out there. Like Chocolate Mountain and the Grand Canyon.
- We find a way to vibrate gold out of stone. Just set up your boombox and get all the gold you want for a few hours work.
- The newer generations just don't believe in gold. The gold bugs give up after a while seeing that gold won't be used as money anymore.
- This one is a maybe, but rots-childs hire mercenaries with their gold. And so the people get abused by these mercenaries. But, they notice they are being paid for food in gold, and put 2 and 2 together, and stop taking gold in exchange for food.
Basically, gold becomes something, somewhere between useless and God's enemy's money.
In the near term
The monetary system is falling apart. People will look for any life rafts. Gold and bitcoin will be bought up wherever it can be found.
The thing is, people with the big bucks are already trying to buy it all up, and they are being really sneaky about it.
The real price of bitcoin and gold are unknown.
It is rumor (because it is all done through NDA) that the price you pay for large amounts of gold is 2x-5x the spot price. So, banks and billionaires are already paying over $10k and ounce. Spot price is only for small time buyers, and keeping up appearances. Also, got to keep the price down so people do not freak and drop all their paper currencies in the gutters.
The companies trying to buy LOTS of bitcoin are doing so "over the counter" and not touching exchanges at all. Thus, they do not move the market while they try to get their large position. It is also rumored that they are paying a lot more thatn $100k per bitcoin.
Soooo, we are going to see both bitcoin and gold go way up in price. And may even become unobtainium, or at least not traded for dollars/fiat.
However! it looks like their may be some crypto/gold/oil/commodity backed currencies. It is rumored that Trump has told the US Treasury to set this up, and soon, we will see it. The BRICS nations have already stated they were doing something similar.
Gold gets revalued, Trump issues a new dollar (not a Federal Reserve Note). Bond markets collapse. While people are making stable coins all over the place (to buy up the bonds) and all kinds of shenanigans happen all over the world.
Gold and bitcoin will go WAY up in price. People seeing their money being devalued, seeing hyperinflation coming, are going to line up to buy silver at $1000 an ounce
The things is, anything real will be a better investment than the dollar/fiat. The other problems is that people will be selling toys for whatever they can get to buy food. People will be trading houses/cars for bitcoin/gold.
It is not a case where anyone can tell you which thing will do best. Yes, gold was much better than the Wiemar Mark. Yes the dollar was a much better bet than all the other fiat. But, how can i tell you to sell your gold to buy _____ when _____ hasn't even been given a name yet?
Gold will be great for a while, until it is found out to be quite common. So, sell your gold before then.
Bitcoin will be the thing everything else is priced in, but bitcoin itself will only be used by govern-cements and large corporations. Buying Litecoin may be a much better choice, because normal businesses will be using it for B2B transactions. (you may get stuck in bitcoin with basically dust, because the fees are that high, but your dust is worth more than your house.) Get your bitcoin onto a lightning network before time runs out.
In the end we will get rid of money, but before then, everyone will be doing better with what we call "real money" (no usury and no inflation) and a free market that comes from not having the banksters controlling the money supply. Don't fear too much, because things get better, even for those who are broke today.