Technology29 Apr 2018 11:59
Is constantly on the move, evolving/improving all the time. Hopefully making life easier safer and faster.
Goldbloc is still in its infancy to a certain extent, but the technology is there to make it work. Weather you think it's a good thing or not sooner or later it will happen IMO.
Some say why would you buy LION when there is other companies going down the same route. Think it's called choice.
Same as its your choice which bank you choose to have your wages paid into.
Now some are saying why buy gold on your gold backed credit/debit card when the price of gold can go down as well as up. Fair point and your right. Again it's called choice.
You don't have to put all your money onto the gold card by the way. Like I said some time back, you're � in your pocket does not buy you the same as it did 6/12 months ago. Fact. Like I pointed out, a ltr of petrol did cost you �1 not so long back, now that same ltr cost �1.20+. Fact. According to my calculations that's 20+% increase.
Also the GDP figures were very disappointing, what happened to the value of the �? Yep it DROPPED making your � worth less. Depending where or what you spent your � of course. Will the price of gold go down as well as up?. Of course it will, but at the same time so will the value of your �. Again I go back to choice.
This technology WIIL give you that choice. Cryptocurrency/blockchain technology is here and here to stay IMO like it or lump it.
Yes the price of gold will go up AND down. But so will your � against other currencies if you buy something on the Internet from another country. Plus the cost your bank charges for exchange rates of course.FACT. Would it be cheaper to buy that item on my gold backed card, or my standard credit card. Look at both sides of the coin when making a argument about the price of gold on your card.
Another advantage with your gold backed card, you can only spend what you have on that card. So you can't over spend and get yourself into debt.
YOU HAVE A CHOICE.
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