>All these are just various deflationary, finite assets that are attempting to overturn this money-backed-up-by-thin-air. This battle is united against a common threat.
Do any of you truly understand why currency is needed to build on earth and why metals were used as a standard?
How does crypto mining reward humans? No one mining is using their own human energy, it's a compilation of manufacturing and math and engineering. People complain that hardware hits the open market after hw developers bump up the complexity during R&D then sell when they're on to another version.
It's ultimately getting automated more and more and not a true calculator of human efforts. If mining wasn't rewarded and transacting and public ledger were just used to manage another standard cost of living, crypto would be ideal. But until that point it's a pipe dream.
Returning to metals is just an easy answer as there's no hidden technology to make mining from earth easier for any one developed country over another. The mining yields products used for other industries just like gold mining has a silver byproduct, and oil refining can bring kerosine, diesel, and other products other than standard gasoline.
If the standard was going to be new it would be based on alliances agreeing what the minimum effort between their countries can/should yield.
So if everything I wrote is true, there's zero reason to believe bitcoin is going to stick around unless the mining equipment is being re purposed outside bitcoin. I heard rumors about some AI using it but that's been unfounded. If it could be repurposed it would continue to grow as it's waste would essentially be recycled more and more.
I need you to elaborate how the denominations per oz arose.
Why is 1oz Platinum = $100, 1oz Gold = $50, 1oz Palladium = $25, 1oz Silver = $1?
I get the inflation/deflation association but not the metal valuation.
Also why would gold destroy the fed but it's not the most valuable? I also don't understand how reversing the fractional reserve method isn't a reset. If it is a reset wouldn't gold be more valuable once the fed collects the majority of it, like they did in 1933?
South Africa is going to out the whites that made them neighbors to opt for cheap Chinese goods in exchange for materials, which won't last long then they'll be slaves to the asians.
I don't get your chart. It suggests we're coasting parallel and April 2017 was the closest we got. Why JP Chase? Weren't they shorting silver to buy tons? JP Chase is the american banking interests for the rothschilds world bank. Not really american interests.