The US president Donald J Trump tweeted on Tuesday 12th July 2019 "I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity...." Seriously bitcoin and other cryptocurrency.. ..........based on thin air hmmmmmmmmm What about fiat currency? This was the words of the president again about the US dollars "We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!" Is this true? Its seems true but let's look at Peter Schiff response to the President "The dollar may have been the dominant currency in the past, and while it still appears to dominate in the present, it will not in the near future. Your record budget and trade deficits, and the forthcoming return to ZIRP and QE, policies you advocate,i will end that dominance!" in other words the dominance of the dollars will end just like other fiat currencies which seems dominant. Let's go back to the " thin air" thing fiat currency are also thin air based backed by nothing. So what's the difference between bitcoin and fiat currency both are based on thin air but here lies the difference limited total supply. All cryptocurrencies have a limited supply, cryptobased company do not increase supply of their currency after launch rather most engage in burning unsold coins. Now let's look at fiat currency it's supply is define by the central bank of your country and also commercial banks printed out of thin air just like that, based on thing. They produced it at will to suit there best interest not yours hence causing inflation. No fiat currency has ever survived absolutely non! History has shown that fiat currency alway crash leading to inflation even hyperinflation.
Gold unlike fiat currency is not created by people. It is created by the universe by a rare cosmic event such as the colliding of two neutron stars. This makes it rare in supply and for a long time has maintained it store of value. Now the following reasons is why I think Novem gold is a smart move 1. Novem is pegging it token to gold 100NNN token equals to one gram of gold. This will make Novem token the most stable in the space,here I see the bottleneck of volatility solve. 2.Using the decentralized nature of block chain makes it easy to purchase gold no matter where you are in the planet 3.if you a newbie in the gold industry Novem prevent you from meeting a lot of scam artist that are in the industry 4.Novem makes it easy for an average income earner to buy gold and also boycott excess storage fees
Novem has made a smart move. What about you? JOIN THIS CHARIOT NOW!!!!
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