/biz/ - Business & Finance

>>12230579
crypto can only ever operate as a shadow system because it isn't legal tender status. the state has a monopoly on force. and with that force they will decide what is or isn't legal tender.

and whatever crypto is legalized will be an invention of the state. nothing will change. deficits will increase. except now, the government can enforce negative interest rates because physical cash would be extinct.

the best physical asset that hold value anonymously is gold. 25 lbs of gold is $500 000 USD currently. you can hide that shit any where. and if you buy the right type of gold, there is no taxable event on its sale. there are many tax loopholes related to gold. i cbf to go through them all.

gold jewelry isn't for flamboyance. most countries have laws saying you don't need to declare your jewelry to the airport. if you can wear it, you can bring all over the world.

gold is the world money that the ruling elite brainwashed people to disdain. pic related. if gold is so useless why is it listed as the FIRST ASSET on the balance sheet of the ECB and FED? when the world gets tired of the US inflating to infinity, gold will again be recognized as the premier collateral. it may never circulate as currency ever again, but nations will settle their books on the basis of gold reserves.