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Editor’s Commentary: To be clear, I have very mixed feelings about this. On one hand, I love the idea of a currency that is backed by gold for obvious reasons. On the other hand, I am opposed to centralized government-controlled digital currencies in general. The fact that this is a state instead of a federal or global currency offers a modicum of relief, but government-controlled is still government-controlled and entails similar drawbacks to privacy and security.
In general, I do not like this. But if digital currencies are inevitable as some believe, then the smaller the centralization, the better. Gold-backed physical currency that is untraceable and easily redeemable would be ideal, but ship likely sailed decades ago. The good news here is that more people are looking to physical precious metals, […]
Excerpt Sourced From: noqreport.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
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