Monero Mike Cryptocurrency Consulting

Anonymous User Comment:

Looking at your site, you may have a negative view of gold and likely silver too. We agree that we both like XMR and precious metals. The only thing that Monero has going for it and why I invested into it and the community is because of its privacy capabilities, and the people committed to it. If that should ever be removed, and I hope it never will, then, it would be a fraction of its value and just die out possibly.

Here is the other option to maybe consider, tokenized assets of gold and silver. And many valuables are more coming into this tokenized sector. This has the potential to be a real game changer. Not in the US immediately, but across the globe. Most in the USA are tied to the debt economy, which will keep going. Digital assets, backed by something, and is recognized value in almost every economy on the planet, that is a very powerful tenet. That is why we hold precious metals, XMR, and tokenized assets of silver and gold. Of these three, we can claim ownership to all of them. No ETF’s though, no paper representation, and no third party risk together.

Monero Mike Response:

First of all, tokenized assets (just IOUs) of gold and silver are risky. It’s not only risky; it’s also feeding the debt-based speculative pig system of economic debt that runs the world today. Why would an honest man who holds gold, or a developer part of Monero, want to be a part of something like tokenized assets (e.g., ETFs or tokenized gold)? It’s basically selling one’s soul for speculation and profit. Unfortunately, this is how many people get rich in the Western-based world system. I believe that people should never go with tokenized metals or ETFs. That would be worse than holding an IOU of a precious metal asset. As always, it’s important to hold the gold and silver exactly as they are, without any third-party custody. The gold bar should be in one’s hand or safe. However, this is not really important. What I am talking about is the true importance of questioning the meaning of gold. Why is it priced as it is? Why does speculation run gold? If gold were truly priced, it would be among the other precious metals.

But debt and global speculation by whale traders run this criminal world. Also, I’m more analyzing the historical process of gold and what it is today in terms of a defined reserve asset vs. an actual commodity vs. an actual important “thing,” and how humans have come up with the price and love of gold, for what reason? I know there are lots of manufacturing uses for gold that are being replaced by other metals more and more as well, so it will be less of a use as a real “thing.” Also, as a transactional mechanism, as in gold coins and gold-backs, there are many flaws in accuracy and fungibility. But unfortunately, many people in the Western world don’t care about the principles and the “why.” They only care about what the government tells them is important or how a trading platform screen says the prices of something go up or down, or a basic human fight or flight response (to go with the common “crowd”). Importantly, if the fabricated “reserve” denotation of gold were removed, then its price would probably drop a hundredfold at least.

The equilibration of gold as a “fungible” item is a farce (since about 600 BC), for any real stable datum for defining hypothetically “free markets” and “sound money”.

The boomers (and previous generations) will continue and continue to brainwash current and future generations in order to maintain their manipulated & fabricated fake “order” (money system).

That’s why I’m saying that most of the world problems in history are revolved around this theme of financial speculation, of gold, most likely.