A business venture idea of the century to bridge a handshake between crypto and precious metals & numismatics?
2/17/22 - 5 minute read
https://www.theepochtimes.com/first-silver-dollar-struck-by-us-mint-seen-by-george-washington-sold-for-12-million-by-las-vegas-man_4266027.html
One coin sold for $12 Million. Read on!
I'm a big numismatist and a huge fan of early American coins. If the world is forced into hyperinflation (which did happen in the 1780s here in the USA), and a future where only the super rich can afford all these coins and they force us on to their subservient systems, I'd be happy to hedge a tiny 0.0001% ownership of the world's rarest coins, full well knowing if the super rich get super richer, that they will be willing to pay ever more amounts of money for all those digital tokens 🔥 talk about the ultimate HODL! Never forget how dynastic (300+ years) wealth is built - Gold, real estate and rare collectibles!
There are always opportunities abound! If I were Jim and Ivan at Wall Street Silver, I would partner up with the person that David Morgan knows that is building out cryptos backed by physical Gold and Silver (Kinesis?) and see if there could be a working model done for a rare coin ABDC - Asset Backed Digital Currency, and the coins would be stored in multiple secure facilities globally. It could be called The WSS Rare Coin Token, or just "The WSS" for short! Talk about a way to greet crypto people at the table, a gentleman's handshake across the aisle, and we bring millions of new potential customers on board to plant that mustard seed!
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There is the idea of the century if we are going as digital as everyone says we're going! Because history tells us that rare, especially very rare collectibles increase in value faster than the average pace of inflation. Very few assets can make that claim. You could see an entire asset class bloom out of nothing. And the super rich would be beyond pissed that the average person is getting access to their super rare collectibles market. You don't think the billionaires know how to play the game? They set up shell corporations and buy massive warehouses in Singapore (simply) to store their paintings, because they receive tax free treatment when they sell the paintings by the Singaporean government! Many times, the purchaser of the painting will simply keep it in the same warehouse - what a con game! But these rich say hey, it's legal in the eyes of the law. The laws they helped lobby (bribe) in for favorable treatment and then they call it lawful?! Super rare collectibles is an asset class that almost none of you are in; yet this very idea of creating a new marketplace democratizes and provides access to an unparalleled and unrivaled market that you simply can't get access to right now. You've all seen me evolve and may know how my mind works to a certain extent! I'm methodical, thoughtful and driven. I'm very passionate about things I like and things I dislike. I'm also not afraid to admit when I don't know something, and when I'm thinking about concepts to change my worldview for the better. I was today days old when I thought gee maybe someday I'll buy a cryptocurrency for XYZ reason. I just outlined a reason. Now an entrepreneur somewhere has to prove the concept works and bring it to market. Good luck to anyone who makes an attempt at this, you will no doubt get lots of publicity!
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I completely agree with you bro. I’ve actually been saying this to my local friends for a year now. That I believe crypto is the future because of the convenience and ease of its use, but, it will have to be backed by precious metals. A certain 17th letter said, “Gold will destroy the fed.” Well, Melania is still pushing crypto, and we know it could be decentralized online very easily, hence the beginning of bans on it. My view is this.. little precious metal deposit stores pop up everywhere. You come in and bring in whatever you got and it’s checked and weighed and then you agree on value and then it’s added to your digital wallet. Maybe if you want to get it cashed back out in metals again you could even have a choice depending what they have on hand. As long as the Gov has a stockpile and guarantees it back to us in one form or another, and if not then just stores it in a safe deposit box till we use our digital amount up.