@Tfmonkey @MrpoopyButhole @ButtWorldsMan
Is moving some money from bank or vanguard mutual fund to a company like Glint or one gold that convert fiat to gold that is ready to spend like regular plastic money bad idea? it can be easily seized but I think that if SHTF then the gov will also have seized any money in my vanguard mutual fund and regular bank, is the risk not he same as it being seized by the gov in the bank or vanguard mutual fund?
@FinalDresdonation @Tfmonkey @MrpoopyButhole @ButtWorldsMan I was not talking about the card itself but about companies like glide or one gold as my banking institution
@37712 @Tfmonkey @MrpoopyButhole @ButtWorldsMan Banking won't really matter in my mind. Best you can get is to bank somewhere where your money is federally backed, and you can get say a money market return rate of a few %. Otherwise build some real assets and cash on hand. The ideal situation is someone with a stable currency backs theirs with a real asset and you can then move there before anything too wild happens here.
@FinalDresdonation @37712 @MrpoopyButhole @ButtWorldsMan It's just a charge card backed by your gold assets instead of a loan contract.
@Tfmonkey @FinalDresdonation @MrpoopyButhole @ButtWorldsMan yes, but am I in any more risk from gov seizure than lets say having my fiat momey in vanguard mutual fund or fiat in a regular bank seized by gov?
@37712 @Tfmonkey @FinalDresdonation @MrpoopyButhole @ButtWorldsMan
The risk is the same. If they are issuing debit cards, that means they are a full-fledged financial institution and must obey all the government and banking regulations for their respective field and size.
So if the government issue a freeze/confiscate order, they will comply and hand over your assets to them.
@37712 @Tfmonkey @MrpoopyButhole @ButtWorldsMan it's going to be bad if you survive this madness count yourself lucky.
@37712 @Tfmonkey @MrpoopyButhole @ButtWorldsMan Generally speaking unless you're actively keeping the metals it is only as good as paper unless you trust said group to have the metals they say they have. Seeing as how it is a rewards card though if it lets you redeem points for metals as you normal spend it may be fine to use on the side as you buy things. Just make sure all your other needs and finances are worked out and stay on top of paying it off.