There can never be a decentralized cryptocurrency connected to gold or silver… why?
Well, the prices do no move 2 days a week lol.
Don’t talk to me about API’s or oracles… there will always be a middle man between the metal prices and the crypto connected to it.
API’s and oracles can be messed with and that can mess things up, also, what if this coin connected to the metals has low liquidity? Then the price will not really be connected to the actual price of the metals.. so then at that time what is the point? Seems like a silly play… people like Peter Schiff keep talking about crypto’s connected to metals but there is no poooooint lol.
Speaking of prices not moving for 2 days, it is the perfect time to measure the #goldtosilverratio.
Silver made a stronger move this week compared to gold. Sitting at $24.32USD while gold is sitting at $2,002.30USD giving us a ratio of around 1:82
Love these close up pictures of gold and silver.
Something about watching scenes of the movie Looper to get me hooked on gold and silver bars.
Those ten oz silver RCM bars are truly something special. I do not know what it is about them that make them so appealing but something about them makes me want more haha.
Yesterday I made a post about quilting weed… I would replace the weed with silver bars monthly… 1 bar a month can go a LOOOOOONG way a few years from now, especially if the amount of silver available for investments and industrial usage keeps going lower and lower.
Do you have a favourite silver bar my fellow #silvergoldstackers?