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There aren't any mediums of exchange that aren't fiat currency. The whole world is using them. We don't have any commodity based economies anymore. Those left the world back in the 1400's. (Printing presses ruined the world?)
Metals used to be a medium of exchange and a stallward against inflation...but then they became manipulated by mining and hoarding. So they aren't the safe havens they once were. Industrial metals like silver, copper, gold, platinum and others... again are highly dependant on mining versus demand.
Thats why people have been flocking to cryptocurrency. But it isn't the safe haven people think it is. (Many reasons for this) Its only popular at the moment. It will lose its luster once people understand that blockchain technology is hackable, retailers discount cryptocurrency by 20% of value, and requires considerable energy to maintain. (Electric bill)
The USA dollars are the most stable medium of exchange in the world. The Euro wants to be...but it has issues as well. Dollars are the number one item backing up most other currencies in existence.
That includes Rias, and Yen and Rupees. Even the Euro.
Rubles? Good wishes?
I know that the USA used to issue money backed by metals...but the value was being severely manipulated by everyone. You never knew what value it was going to have from one day to the next.
I can remember quite clearly when silver was trading at $60-$80/oz in the 70's.
Ain't worth anywhere near that price or value now. And the Hunt Brothers went to jail over the manipulation.
I like things the way they are now. I'm just fine with it.
Lumber is really up though. Meaning that the sawmills are making money. People are building homes and homes are gaining value. People prefer homes to apartments. Especially in a pandemic. I don't see that changing afterwards either. Commercial real estate like office space? I see it declining.
Metals used to be a medium of exchange and a stallward against inflation...but then they became manipulated by mining and hoarding. So they aren't the safe havens they once were. Industrial metals like silver, copper, gold, platinum and others... again are highly dependant on mining versus demand.
Thats why people have been flocking to cryptocurrency. But it isn't the safe haven people think it is. (Many reasons for this) Its only popular at the moment. It will lose its luster once people understand that blockchain technology is hackable, retailers discount cryptocurrency by 20% of value, and requires considerable energy to maintain. (Electric bill)
The USA dollars are the most stable medium of exchange in the world. The Euro wants to be...but it has issues as well. Dollars are the number one item backing up most other currencies in existence.
That includes Rias, and Yen and Rupees. Even the Euro.
Rubles? Good wishes?
I know that the USA used to issue money backed by metals...but the value was being severely manipulated by everyone. You never knew what value it was going to have from one day to the next.
I can remember quite clearly when silver was trading at $60-$80/oz in the 70's.
Ain't worth anywhere near that price or value now. And the Hunt Brothers went to jail over the manipulation.
I like things the way they are now. I'm just fine with it.
Lumber is really up though. Meaning that the sawmills are making money. People are building homes and homes are gaining value. People prefer homes to apartments. Especially in a pandemic. I don't see that changing afterwards either. Commercial real estate like office space? I see it declining.
Lately, I've been considering that a form of artificial intelligence could be the prophesied "image of the beast" that shall "speak" (Rev. 13:15).
Time will tell.
https://www.globaltrademag.com/ai-and-cryptocurrency-how-they-can-work-together-effectively/