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Silver Futures - Dec 24 (SIZ4)

Real-time capital.com
Currency in USD
Disclaimer
31.065
+0.958(+3.18%)
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Silver Futures Discussions

The federal reserve is a short term game and creates policy for short term wins. Gold and silver have backed transactions and monetary policy for thousands of years and now is valued at a fraction of a percent of total fiat currency. Something is dangerously wrong here and buying silver and gold is a fantastic way to follow tried and true methods of storing real, tangible and valuable assets.
Hard to know for sure. Block chain is interesting technology that could become extremely valuable as a currency. It does not, however, replace the issue of “un-backed” currency. On top of that I could make several arguments for crypto pricing in only good news and being extremely susceptible to regulation and competition. It has no real value today and has soaked up over $1 trillion in cash. If I had to bet I would count on hindsight in a decade from now being “crypto euphoria was an early sign of market exuberance” rather than “Crypto is the new currency.” Even the institutional “investors” involved are more invested in making businesses on the fee structure of crypto transactions than actually making crypto useful. PayPal, square and coin have created multi billion businesses on brokering crypto transactions, all they have to do is keep interest in crypto up and they’ll keep making unimaginable amounts of nearly pure profit money.
 hmm what u mean is the glitter is there but not the stuff again a short term bonanza
TLDR; crypto hasn’t proven itself in this space. When making financial decisions, 9 times out of 10 tried and true makes for a better investment than most exciting new thing.
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