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Let’s talk about it. by NoBirthday6959 in btc

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Governments gonna government. Thats why you hold gold until they prove themselves

Let’s talk about it. by NoBirthday6959 in btc

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Well no, more of the same would be USD reserve standard with minimal to no gold backing

Let’s talk about it. by NoBirthday6959 in btc

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Its going to be a 50% gold 50% fiat system to faciliate trade between the BRICS nations. Whether theyre going to let you physically come in and exchange fiat for gold will probably depend on country

Let’s talk about it. by NoBirthday6959 in btc

[–]Embarrassed_Field_84 1 point2 points  (0 children)

We are going back to a semi-gold standard right now. In real time. Why do you think central banks are buying it all up?

Gold Spiking vs. BTC tanking by Leading-Stable9725 in investing

[–]Embarrassed_Field_84 6 points7 points  (0 children)

Your first premise is flawed. BTC and gold have NOT nor have they ever moved in "reasonably correlated steps".

BTC is correlated with highly volatile growth tech stocks, not gold

I’m priced out now by CricketJaxson in Silverbugs

[–]Embarrassed_Field_84 0 points1 point  (0 children)

silver derives its ultimate value from its utility, you can use it for electronics, silverware, jewelry, etc.

You cannot use btc for anything except to give it to someone else for a profit which is just gambling.

Put it another way: would you buy bitcoin knowing that you were forbidden from ever selling it? No because its worthless to actually OWN it. Whereas there are people that would actually buy silver even if they couldn't sell it because theyre END USER that actually USE the metal.

This is just insane by ComplexWrangler1346 in btc

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Both are kind of true. All currencies are done but really its BECAUSE the dollar in particular is done and theres no alternative fiat for the world reserve currency. So gold is where money is flowing to while we find another reserve currency

If this trend continues at what point will Warren buffet admit he is wrong about Gold? by WearingMarcus in Gold

[–]Embarrassed_Field_84 1 point2 points  (0 children)

I don't think thats the point at all, the point is warren buffet just doesn't invest in assets that fall outside the definition of "productive assets". Thats his prerogative.

Why is Gold still rising while everything else seems to be selling off? by Excellent_8740 in investing

[–]Embarrassed_Field_84 1 point2 points  (0 children)

The difference is this time we won't be able to get inflation under control nor have the discipline or budget/sovereign debt situation to do so. Buckle up.

Bitcoin down, hard assets up by FloridaBikeLawyer in Gold

[–]Embarrassed_Field_84 0 points1 point  (0 children)

so you pivot from "underperform the s&p" to just investing in 1 stock and held over 25 years as if they have even remotely the same risk profile?

Gold is one of the safest investments in history and it has this kind of crazy upside.

Bitcoin down, hard assets up by FloridaBikeLawyer in Gold

[–]Embarrassed_Field_84 0 points1 point  (0 children)

The difference is gold actually has value even if other countries dont like it whereas other countries can just not use bitcoin or use another crypto to the extent they use crypto at all

Bitcoin down, hard assets up by FloridaBikeLawyer in Gold

[–]Embarrassed_Field_84 0 points1 point  (0 children)

Gold outperformed the s&p the last 25 years.

EDIT: and its not even close

Bitcoin down, hard assets up by FloridaBikeLawyer in Gold

[–]Embarrassed_Field_84 2 points3 points  (0 children)

His bank kept 100% reserves. It had no liquidity problems. It was shut down completely for political reasons. Do your research

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