Gold and silver are the metals that have been used since ancient times as standard trading metals. In the period that we are living in, inflation has become a common reality and has been accepted as a form of indirect taxation. On the other hand, the prices of these two precious metals are generally rising and people who fear losing money in inflation (dropping value of unit currencies) tend to buy gold and silver.
On the other hand, the internet is emerging as a new marketplace where it is not possible to do business with traditional precious metals. Banks and other financial institutions are the backbone of online businesses. Technology is changing rapidly our habits, expectations, and perceptions about things. It is not just money, bullion gold, and silver that appear as digital numbers, but personal libraries and intellectual properties are also nothing more than digital texts, figures, graphics, and so on.
While the digital form of currency gives Governments and financial institutions the enormous capability to track and control the finances of people or manipulate markets, the gigantic size of the transactions and the ease of printing money can also create bubbles that can ruin economies and the lives of people. Look at the decreasing distance between the economic bubbles in modern times;
- Tulip Mania ( (1634-1637)
- Dot-com bubble (1995-2000)
-U.S. housing bubble (2000-2007)
- Bitcoin bubble (2017-2018)
By adding to this list, the collapses of the banks in 2023, I am just wondering if the banks and financial institutions so easily turn into bubbles, and keep bursting at decreasing distance of time, then what are the alternatives?
I just got a payment for $500.
ReplyDeleteSometimes people don't believe me when I tell them about how much you can earn by taking paid surveys at home...
So I took a video of myself actually getting paid $500 for participating in paid surveys to finally set the record straight.