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04:22 PM
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Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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[quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM3MjkwX0U5Q0M3N0Ux] I also notice no one addressed money storage. You hate fiat. You hate crypto. You hate banks. What does that leave? Self custody of precious metals. Where are you going to keep all of that? How are you going to safely store and transport it? You think people are going to have $500,000 in gold bars and then deliver it to the seller? Are any of you serious adults or is this website full of kids and trolls? [/quote]
Original Message
Say you want to buy a house. Should only people that have enough cash be able to buy?
If you don’t like fiat or crypto, do you think everyone should have hundreds of thousands of dollars worth of PM in their homes? I go to buy a house and I need $500,000 worth of gold and I am just going to hand it all to the seller? Who is then going to just trust it’s all real gold?
If you don’t believe in lending and interest, are you a commie that wants other people’s money for nothing? Why should a random stranger give you their money to use for free?
Seems like there is a segment of people who are anti anything financial (because they are financially illiterate) yet don’t have any realistic solutions on how things would work otherwise.
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