Central Bank: If The Entire System Collapses, Gold Will Be Needed To Start Over

[dimox]

im sure if someday gold will show their existence, but how they manage it. if they manage or make it same like fiat currency, its a problem. in history, they can live without any economic problem because they have same value, in a long time. so, this also about how to manage what we have.

[Broly46]

After investors loss a fortune on betting the share market, in return they get warning letters for messing up their share market. How does it feel? It felt like marriage to a nasty wife, who later on decide to go off grid and dump you when you’re broke and also take the child along with her and ask for alimony or she will put you to jail for cheating on her.

Guy if you can’t see the entire narrative clearly, you’re properly the only person who still have faith on a feet biting dog who you spend entire life feeding them to be fatty bomb bomb.

[wxxyrqa]

After investors loss a fortune on betting the share market, in return they get warning letters for messing up their share market. How does it feel? It felt like marriage to a nasty wife, who later on decide to go off grid and dump you when you’re broke and also take the child along with her and ask for alimony or she will put you to jail for cheating on her.

Guy if you can’t see the entire narrative clearly, you’re properly the only person who still have faith on a feet biting dog who you spend entire life feeding them to be fatty bomb bomb.

I constantly read reviews of cryptocurrency users about their opinions regarding investments in gold and each statement is different from each other.  But as for me personally, I would not use gold for trade, but gold is suitable as savings, just in case.  Perhaps in the future we will face situations where no currency can resist the real precious metal.

[X-ray]

Gold is old fashioned way in starting over. We already have cryptocurrencies and I think with their technology called blockchain, it is enough for us to start over with a more advanced type of technology and with the power of decentralization. People love to be independent and to be more advanced so cryptocurrencies are much better compare to gold.

we cannot deny if gold is indeed a good asset in investing from the past and the system and the benefits of gold investment are profitable but as technology develops there are certainly breakthroughs or ideas that can invest more than gold and maybe for that investment with crypto or blockchain currencies. it is a breakthrough that uses the progress of time and technology and can be used by all levels of society, of course

Gold and bitcoin good investment assets but depend with investor which one to invest, if investor like faced with big risk and big result will invest with bitcoin and altcoin, but for investor take safety with their investment choose gold as investment assets, I like for take risk with investing on bitcoin or altcoin because have increase profit higher than invest with gold.

Gold is the best option only if you want to store your excess monthly earning and nothing more. The downside of gold is the fluctuation that is just as volatile as cryptos but in a smaller scale because the higher market cap. If I have some wealth that I need to keep and to avoid the currency or fiat fluctuation which gets worse and worse by the time passes, gold is very good. Otherwise, just invest to something that can give you passive income. However, I heard that silver is getting the bullish market as of now, and I always consider gold and silver as equal in term of investment.

[deisik]

Gold is old fashioned way in starting over. We already have cryptocurrencies and I think with their technology called blockchain, it is enough for us to start over with a more advanced type of technology and with the power of decentralization. People love to be independent and to be more advanced so cryptocurrencies are much better compare to gold.

we cannot deny if gold is indeed a good asset in investing from the past and the system and the benefits of gold investment are profitable but as technology develops there are certainly breakthroughs or ideas that can invest more than gold and maybe for that investment with crypto or blockchain currencies. it is a breakthrough that uses the progress of time and technology and can be used by all levels of society, of course

Gold and bitcoin good investment assets but depend with investor which one to invest, if investor like faced with big risk and big result will invest with bitcoin and altcoin, but for investor take safety with their investment choose gold as investment assets, I like for take risk with investing on bitcoin or altcoin because have increase profit higher than invest with gold.

Gold is the best option only if you want to store your excess monthly earning and nothing more. The downside of gold is the fluctuation that is just as volatile as cryptos but in a smaller scale because the higher market cap

This is nothing more than just a wrong view or point of view

The truth is, gold is rock-solid on its own. I'm damn sure you are looking at the dynamic of gold prices in dollars. But it is not gold that changes its value against the dollar as it is the value of the dollar (as well as that of other fiat currencies), present and expected, that fluctuates wildly (at times) against gold. It is a pretty common mistake. Just keep in mind that every equation has two sides to it, and if you change one side, the other should be adjusted accordingly

[bitbunnny]

Gold always had a value for human kind and that probably will never change. However, in the digital era it's oldfashioned and as far as I.know countries don't back up their national currencies in gold anymore. That is why remains unclear how could gold help to start over. Maybe for individuals but not for economy and financial systems in general.

[Tylev]

In our world, not only gold has eternal constant value. Real estate, gas and oil reserves, precious stones and metals, antique products and much more are of almost constant value. Of course, gold has always been the basis of value.
However, I see no reason why our common value system should collapse. Economic crises have been, are and will always be periodically. They have both a negative impact on the global economy and a positive one. However, for the whole system of our values ​​to collapse, in my opinion, there is no such great danger.

[Broly46]

I constantly read reviews of cryptocurrency users about their opinions regarding investments in gold and each statement is different from each other.  But as for me personally, I would not use gold for trade, but gold is suitable as savings, just in case.  Perhaps in the future we will face situations where no currency can resist the real precious metal.

It’s too difficult for layman to even tell the real gold, remember countless of people getting into buying fake gold scams Ponzi scheme that later on the investors who bought the custodial paper gold contracts, now worth nothing after the scam company getting exposed and all the fund collected get into nobody know whose fault and care anymore. I doubt people are getting smarter today or even have the prowess to actually doing all the tedious procedure of detecting counterfeit gold. I would tell you when central bank get into gold, the entire gold market would face the same fate of fiat, getting extreme inflation, irresponsible quantitative easing, all for the benefit of their self gain, and milking every last person who have faith on gold and sell their bunch of questionable gold products, many possibilities, you can’t trust bank to handle the gold again just like we trust them with fiat money but we get in return are a wobbling problem that would destroy entire generation.

[Hydrogen]

Another relevant thread which could use a bump.

[siniminomorocomunisakito]

Yes. this is very interesting to follow..I also ask myself is it possible that we all will be able to pay at the end of the story using only 2 (two) types of payment modes, namely BTC and Gold..??

[Argoo]

Gold always had a value for human kind and that probably will never change. However, in the digital era it's oldfashioned and as far as I.know countries don't back up their national currencies in gold anymore. That is why remains unclear how could gold help to start over. Maybe for individuals but not for economy and financial systems in general.

The fiat system of states is unlikely to collapse overnight. In the world, the economy is always weaker in some states, stronger in others. At the same time, periodic financial crises not only have a bad effect on the development of the economy, but also bring certain benefits to it. At all times, they complained about the imperfection of the financial system of states, but it continues to exist and so far there is no worthy and effective alternative to it.
Gold, like every financial asset, has its advantages and disadvantages. There is nothing ideal in our rough physical world. Therefore, we use different assets as money in relation to the current situation, and this is probably correct.