Bitcoin/Precious Metals Insurance Plan
Bitcoin, gold and silver = the portfolio of the rebel. To not avoid dealing in the Federal Reserve Note is treason to a free humanity. Excuses pointing to FRN’s as one’s only option in the arena of exchange are truly merely cop-outs and laziness leaving one dependent upon the control mechanisms of his or her rulers.
Not avoiding the Federal Reserve Note at all opportunities is Stockholm syndrome. Staying in the stock market is a love of one’s master, like having someone in prison “keeping you safe” and all the baggage that comes along with. Keeping a bank account at a dominant financial institution that is bending you over and killing you and your family is the ultimate demonstration of cowardice.
Appeals to what is today an abstract – the United States Constitution—while not hungrily living each day to finally divorce the tyrant’s glue, fiat currency, are no more than the hollow bluffing of the helpless.
What’s so great about today? That we no longer have to use the Federal Reserve Note or any government issued and backed fiat currency. The time of Ultimate Risk is upon us, and on edge of this foggy and opaque abyss opportunities abound like never before.
Some shortcomings attributed to the Bitcoin complex of exchange indicate that a lack of security features compromise the overall network. Granted, Bitcoin has some evolving to do. As a comparatively brand new advent, the Bitcoin economy will have to begin its life like a bird would—growing from the broken chirping of a newborn baby to the full and rangy song of the adult. For now, Bitcoin is akin to the former.
But, as the need for a parallel economic system—an alternative to the current system of abuse and scandal—persists, technologies will compliment Bitcoin so as to bring to it the degree of security that an individual would desire in his or her exchange medium.
Until then, though, the Bitcoin holder has available some options to “backup” their Bitcoin holdings. As primarily a medium of exchange, Bitcoin does not necessarily have to be the way in which one maintains savings. It can be used as a convenient way of receiving real world stuff in exchange for a currency, in this case a digital currency.
To that end, many Bitcoin holders would snuff at the prospect of holding the consistently devaluing U.S. Dollar as savings. That would be counter-intuitive to the anti-establishment attitude of the Bitcoin complex.
Bitcoin and precious metal holders have this attribute in common: they are both suspect of the U.S. Dollar and the managers of the dominant economic system on the planet. Generally speaking, the Bitcoin community and the gold and silver investment community have not joined forces. An argument one might hear out of the gold and silver camp about Bitcoin is that it is “not tangible” or it is not “real.”
Nevertheless, for a Bitcoin enthusiast who has not considered it, buying physical gold and silver offers as anonymous a means of holding wealth as does Bitcoin, and It also offers a method by which one could insure a Bitcoin portfolio. By doing this, one can increase his or her exposure to alternative assets that exist outside the dominant financial paradigm and its destructive path as well as are on an appreciative bearing thanks to the devaluation of central banks.
Gold and silver can be secured in numerous ways in one’s own house. Unlike Bitcoin, gold and silver can exist nowhere, and remain an unknown asset one maintains without exposure to the power grid that comes along with Bitcoin.
Concerned that your Bitcoin might not be as secure as you would like, prone to hacks and price volatility as Bitcoin has been? Then look into buying gold, silver, platinum and palladium to back your Bitcoin stash with assets that are just as alternative and more private than Bitcoin.