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Cake day: January 8th, 2024

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  • shortwavesurfer@lemmy.ziptoPersonal Finance@lemmy.mlDedollarization
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    1 month ago

    You definitely don’t want the ETFs such as GLD or the miners because those are shares and you don’t actually physically own them. So you’re going to want the physical or goldbacks.

    Edit: With the gold, if you don’t hold it, you don’t own it. With Monero, you need to have your own wallet with your private keys, because again, if you don’t hold it, you don’t own it.

    Having anything be for benefit of means that it can be revoked as it’s nothing more than an IOU with conditional redemption.


  • shortwavesurfer@lemmy.ziptoPersonal Finance@lemmy.mlDedollarization
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    1 month ago

    Fiat cost average into Monero and gold. I know a lot of people would say Bitcoin. But if you buy Bitcoin, then the government is going to know that you have it. Whereas if you buy Monero, the government is not going to know you have it.

    Also, start participating in the Monero circular economy by buying and selling goods and services on XMRBazaar.com denominated in Monero

    Here is my store, for example. https://xmrbazaar.com/user/AuroraGeneralStore/

    For gold, you might want to have a look at goldbacks since they go down to one thousandth of an ounce of gold and can be used as a transactional currency.