Are precious metals an alternative to the CBDC?
As with cryptocurrencies, by far the largest share of all precious metal (and mines) is owned by the Money Printers. Just like with crypto, they can therefore heavily manipulate the prices and ensure that they always hold the absolute majority in precious metal and can therefore appropriate all the property.
Coins based on a gold standard are therefore not a solution for the redistribution of wealth because the same Money Printers with a gold standard remain fully in the saddle. In addition, the Money Printers can – just as they did in 1933 in the USA – prohibit the private ownership of precious metals.
Still Have Questions?
The 1CoinH / Ethical Money system is nothing like we have ever seen before. We can imagine you have plenty of questions left.
Please don’t hesitate to ask us. It also helps us to understand what we haven’t explained well enough.