#Gold #cbdc #bank
Welcome to our latest video on Central Bank Digital Currencies (CBDCs) and their potential impact on the value of gold and silver. In this video, we will explore how the introduction of CBDCs will not necessarily result in a significant shift in the value of these precious metals, despite fears of new regulations and restrictions.
As countries around the world consider the introduction of CBDCs, there have been concerns about the potential impact on gold and silver, which have long been viewed as safe havens for investors. Some have speculated that the introduction of digital currencies could lead to a decrease in demand for gold and silver, as investors seek out alternative stores of value.
However, many experts believe that the impact of CBDCs on the value of gold and silver will be minimal. This is because gold and silver have traditionally been viewed as a hedge against inflation and market volatility, while CBDCs are designed to offer a stable and secure digital form of currency. The two are not necessarily competing against each other.
Additionally, fears about the potential for new regulations and restrictions as a result of CBDCs may be unfounded. While it is true that CBDCs will offer governments greater control over the flow of money, it is unlikely that they will result in the kind of heavy-handed restrictions that some have predicted. In fact, many experts believe that CBDCs may offer greater privacy and security than traditional currencies, which could be a positive development for investors.
So, while the introduction of CBDCs is sure to have an impact on the global financial system, it is unlikely to significantly impact the value of gold and silver. As always, investors should keep a close eye on market trends and be prepared to adjust their portfolios accordingly. Thank you for watching, and be sure to subscribe for more insights on the world of finance and investing.
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Video Rating: / 5
????enjoyed the ramble
I too will continue to buy gold and silver – when I can afford too!
Comment made aprox 6.15 mins in. There is an element of privacy currently with debit and credit card transactions. At present, only the individual and their bank know what the individual spends their money on. With CBCDs the Government will also know and potentially they could control how citizens spend their hard-earned money. And close accounts down at the press of a button if citizens don't agree with them – like what happened to the Canadian truckers. I for one will not be signing up for a CBCD account – at least not with the lemmings who rush to get a CBCD account when the UK Government decide to launch them. I hope the Bank of England and the UK Government are true to their word and cash (fiat money) will still exist alongside CBCDs.
I understand the concerns people have but governments can already control your spending (in certain circumstances) by blocking access to your bank accounts etc meaning you can’t withdraw cash.
This will be another example of the government pissing on us and telling us it’s raining.
I’ve always wondered, why do you get your silver assayed in Scotland?? Probably a silly question but…..!
Love your humor and that KitKat bar????♂️. Thanks .
Central bank digital currency might well be a tool for distributing benefits and facilitating spending habits.
Imagine if you couldn't buy fuel for a vehicle, the premise being that being on benefits you shouldn't be in possession of a vehicle.
Similarly, the purchase of tobacco, alcohol, junk food and beverages.
I understand that a bill is going through that prevents a cashless currency.
I agree "conspiracy" theorists need to move on. Maybe the truth isn't that exciting.
Very interesting video BYB, it sounds like you’re not really concerned about CBDCs at all. My bigger concern is the control element that it gives the government over your spending!
Good video
Few points I don’t agree with but that’s life
I have a question if you’re saying by from Atkinson’s or that. In the future if I go to sell my gold wouldn’t it be better to have Royal Mint receipts etc?
Those hand pour are beautiful, I LOVE all the gorgeous ripples. I am not too keen on CBDC, Cash is my go to and its relatively anonymous which I like. I have NO credit card and I like that if I don't have the $$ then I go without.
Love your videos. Please make a video where you eat the potato too
Haha, when you slapped that potato down at the beginning of the video I thought you were going to comment on Americans painting potatoes instead of dying eggs for Easter due to 'eggflation.'
Great video, thanks for backing up my thoughts, as her Indoors doesn't have a clue,? though the love of my life, she has started to see the ligh at long last. straight into the vault, a small Investment for peace of mind!
Happy Easter to you and yours, for me the CBDCs are not about not being able to cheat the system but about giving more powers and control to government. Have you not seen China and the social credit system there. Its a concern. Maybe not in my lifetime . Hope for the best but plan for the future and good luck
if privacy is your biggest concern I hope you don't have a cell phone, a semi modern car, never pass through a traffic light and only use cash. If privacy is your concern you will be sick to know what data just your phone collects from you walking around with it in your pocket, for example I never looked up a bidet, one of my coworkers got one and we started talking about it, guess who got an ad for a bidet this guy and that was at least 5 years ago as well and my phone at that time was already 5 or 6 years old.
To those who discuss the privacy of cash – please remember that paper notes are recalled and devoided every few decades, and even less in the event of a serious event. Here in Ireland, when the IRA robbed the Northern Bank and stole £25million in notes, the banks here invalided them and printed new ones with new designs. Of course, you could hand in your old notes in exchange for the new ones for a limited time. It's one of the main reasons that mints/presses exist – to provide security. Cash under the mattress is a bad idea if it's a long haul.
OK, so I've calmed down in the last few weeks regarding the CBDC proposals. I initially thought the worst of it, but some good insight into it's use was provided by knowledgable YouTube channels (the non-FOMO ones). Yes, the degree of control is being assigned more to our financial institutions, but, it's also lubricating trade, possibly at an international level. Financial institutions can't have business if they don't have customers, and, ultimately I think it's intended to reflect a fairer system. It would also be much easier to monitor the suspicious activities of those we vote into power and make them – wait for it – accountable.
Interesting video BYB, thank you.