I don't know how a single American can trust any investment they have that can be confiscated with the stroke of a pen. Real estate is susceptible to property tax liens or unemployment given that so many are purchasing rather than owning the homes in which they reside. Stocks are so manipulated and the value of so many publically traded companies are so skewed and divergent from their production that no one knows what they are actually worth. Treasuries are bought by the American government with dollars that are printed out of thin air, meaning nothing is backing the value of the dollar except the U.S. military. Our fiat currency was backed by gold, but that ended when Nixon took us off the gold standard in 1971. So, the America's Treasury allows the Federal Reserve to bring trillions of dollars into existence to cover the interest of America's debt by selling treasuries it has bought with the magic money that the Treasury prints out of thin air. It's a very cyclical system that works until it doesn't. And, it stops working when other countries lose faith or more accurately fear of the U.S. military which has enforced American hegemony worldwide. Too bad so many countries have witnessed the United States lose most (if not all) of its wars or military conflicts since WWII. The veil has been lifted exposing the US as sheep disguised as a lion in sheep's clothes.
So, why not invest in the one thing that everyone seems to have trusted as the ultimate store of value for thousands of years... Gold? Why not but as much gold as you can now, so you can retire on the gains made years from now? For one, there are so many scammers out there ripping buyers off with fake gold or fees that all but eliminate any gains one should make as gold's value increases. Two, they have supposedly discovered a trillion dollars of gold under some African nation which will defkate gold's value as it is mined out of the ground. Three, gold is a tangible commodity that the U.S. government can and has made illegal to hold when it's convenient to do so. One irony of such a possibility is that Americans live in a time when money has been deemed speech. This is the justification used to allow corporations to donate inordinate amounts to political campaigns that favored policies beneficial to said corporations. Accordingly, confiscating gold as was done in the past should have been an instance of trampling on American's first amendment right. Freedom of speech was denied to those in the past and their descendents should dand reparations for the gold taken from their ancestors.
I imagine many Americans don't know that their government confiscated gold in the past. In the United States hold gold was made illegal so Americans were "encouraged" to turn over any gold in their possession. Once all of the child was given to Uncle Sam, its value was increased from $25/oz to $35/oz. This sounds like a criminal move but "wait. There's more". America claimed to hold the gold of several other countries, but when too many countries doubted America's integrity and asked for their gold back, the U.S. said "No. Here have some dollars instead."
So, why would a single American, whoynkt already super rich trust in any investment which can be centrally controlled by the government of the United States America or any other country for that matter? While Bitcoin can be manipulated, it can't be stopped because there is no tangible office or central authority that the U.S. or any country can go after. Entities like FTX may appear to be a means to stop Bitcoin, but it's not. FTX was a central authority to which people gave the power over their Bitcoin... Don't do that because...
"Not your keys. Not your crypto."
In 2018, I wrote a book highlighting the problems Humanity would face if more power, wealth, and control was funneled to a small group of elite individuals, groups, or organizations. In my book, I provided solutions (from myself and others) to the inevitable problems and also a means for the Public to analyze, compare, and contrast the words and deeds of those we choose to follow against reality. In my book Solutions: Enough complaining. Let's fix America.
In "Solutions...", I provide the means for readers to disseminate information as provided by their news sources of choice, their elected officials, and any other authority they choose to follow. The book also offers a means to hold their leaders up, not just to a higher standard than is currently accepted but to one that would improve their lives and the lives of those for whom they care.
