Silver Update, Explaining Bit Gold

After writing my blog on whether or not JP Morgan was trying to corner the silver market, silver rose from 16.40 (May 8) to 17.51 during the week. For the first time in at least a year, silver was actually up yesterday. (Friday) I went ahead and bought some anyway.

Buying silver here is a no brainer for me. Get zero interest on deposits or buy precious metals at rock bottom prices.

Last year, I bought a new, larger safety deposit box. I hate keeping my pm's in a credit union. I don't trust any kind of bankers- period. But the thought of pushing a 700 lb safe into my house and bolting it to the floor has me less than excited.

A few days ago, my uncle referred me to an article at 321 gold on "Bit gold." I read what I could about bit gold there and a few other places- and I love the idea. It is simply banking, with worldwide capabilities in any currency, using gold. I would have signed up for an account this week but alas, US government regulations prohibit it. Imagine that. Here is the link.

http://www.maxkeiser.com/2015/05/bob-moriarty-bitgold-explained/

Here is BitGold's site, company just a few days old! https://www.bitgold.com/

Going to try and put up a new piece on Sunday. Have a great weekend everyone!

Comments

Post a Comment

Popular posts from this blog

The "Keeping Time" Has Arrived- The Sunday Collage

 Mrs. Elizabeth Powel asked Benjamin Franklin the question. What do we have, a republic or a monarchy? Franklin answered, "A republic if you can keep it." Probably historically true.  In a republic, the power to govern is held by the people or their elected representatives. By consent. We have checks and balances for those representatives, and we have a rule of law. That theory was meant to keep an oppressive government at bay. To keep them from acquiring too much power In a democracy, the people directly make every decision. There are no representatives. Democracies often devolve into mob rule democracies. Like the one we have now. A republic is meant to protect the minority from the oppression of the majority. A rule of law is what keeps it civil. A minority member's interests are protected. Until the mob takes over. Now we can debate who, what, when, and how we have lost our republic. We can even debate whether we still have one or not. On paper, we might have a republ
Read more

The Killing of Craig Robertson- The Sunday Collage

Image
"Anger is brief insanity." Mom attributed that quote to Hemingway. Having been on the receiving end of mom's wrath more than a few times, that phrase has always made sense. Craig Robertson, age 75, died in Provo, Utah on August, 9, 2023. He was killed by an FBI tactical team for making threats. He was an Air Force veteran, welding inspector, and wood worker. He had been married twice and widowed twice. He had three children.  He was not in the best of health and walked with a cane. He loved guns and was a member of the NRA. Robertson was no fan of the democratic party. To be fair, Robertson had made several threats regarding Joe Biden, Vice President Kamala Harris, Manhattan District Attorney Alvin Bragg, and Attorney General Merrick Garland, among others. These were descriptive threats wherein Robertson went into great detail about how he would accomplish the killings of those individuals. We must assume that he actually made those threats on social media, since he never
Read more

The United States- The World's Biggest Banana Republic

 This week was one for the ages. The Michigan State Police confirmed that hundreds of thousands of illegal ballots, a conspiracy in the swing states, was not only caught on video and investigated- Michigan did nothing and the FBI did nothing. This video amazingly coincides with the 3 a.m. miraculous election of Joe Biden in 2020 who was losing and then suddenly pulled a Presidency out of a hat. Via the Gateway Pundit, you will likely not see this anywhere mainstream.  https://www.thegatewaypundit.com/2023/08/now-we-have-proof-tgp-exclusive-massive-2020/ The Biden family was paid over 20 million dollars by Chinese, Russian, Ukrainian and Kazakhstan nationals while Joe was the VP. Funny now that Biden and the democrats have been sponsoring the Ukrainian war with US tax dollars after receiving bribes in the millions. This while Obama was President. What did he know?  https://www.theepochtimes.com/us/foreigners-paid-more-than-20-million-to-biden-family-associates-bank-records-5453849 The J
Read more