Opinion: February 19, 2023. Using Gold and Silver to Fight CBDC's

in #hive-1679222 years ago

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The use of gold and silver to fight CBDCs (Central Bank Digital Currencies) involves diversifying one's investment portfolio to include precious metals as a hedge against potential financial instability caused by the adoption of CBDCs. CBDCs are a digital form of fiat currency issued by central banks, which may lead to increased inflation or reduced purchasing power of traditional currencies. In addition, the use of CBDCs mean loss of freedom though the control of the usage of money by the central banks, the loss of value by the implementation of negative interest rates, and the abuse of social engineering projects by rewarding and punishing behaviors. Gold and silver, on the other hand, have a long history of being a store of value and a safe haven investment during times of economic uncertainty.

Investors can use physical gold and silver to protect their wealth against the negative effects of CBDCs. Physical gold and silver can be purchased in the form of bullion bars, coins, or even jewelry. These precious metals can be stored in secure vaults or even in one's own home, providing a tangible and accessible asset that can be quickly liquidated if necessary.

Gold can be used as a store of value, but it would be difficult to use for every day exchanges. For this purpose, silver would be more useful.

In summary, using gold and silver to fight CBDCs involves diversifying one's investment portfolio to include precious metals as a hedge against potential financial instability caused by the adoption of CBDCs. Los of freedom associated to the Use of CBDCs can be mitigated by the use of gold and silver.

For further information, read this article

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
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Investors should protect their assets from the negative impact of CBDC and you have analyzed this well. Thank you for discussing a very important topic today.

Peter Schiff approves of this post 👍

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