RE: Bit coin
May 26, 2021 at 11:59 pm
(This post was last modified: May 26, 2021 at 11:59 pm by ignoramus.)
The reason bitcoin has no value in itself is because of its man made rarity.
The problem with that is that people are jumping on the bandwagon and creating new competing cryptos almost daily, all with their own "rarity" lol
Most have gone to the wayside, as they all will. (apart from the govt approved cbdc)
Gold, on the other hand will save you from real negative yielding interest rates (relative to the 10 year treasury).
This metric correlates with 97% accuracy. This is why the big players are slowly shifting to gold.
Why invest billions of dollars of your customers money (superfunds, hedgefunds, insurance funds, etc) into bonds when your dollar is devaluing quicker than the interest you are getting from the bond?. And if customers lose money, they find somewhere else to put it.
If you've got diamond hands, gold and silver is where you want it. Don't touch it for 3-5 years. For this reason, gold went up 25x in the 70's and 8x in the 80's.
History doesn't lie. Look at long term historical charts. Just don't try to make a quick buck. You may get screwed.
Factoid: silver is the most undervalued commodity on earth. It was double the price 40 years ago! With all the govt green schemes now, and solar panel demand and electric vehicles growing exponentially, etc, yeah, it's time to shine has come in the next few years. (not financial advice -just 2c from an ignoramus)
The problem with that is that people are jumping on the bandwagon and creating new competing cryptos almost daily, all with their own "rarity" lol
Most have gone to the wayside, as they all will. (apart from the govt approved cbdc)
Gold, on the other hand will save you from real negative yielding interest rates (relative to the 10 year treasury).
This metric correlates with 97% accuracy. This is why the big players are slowly shifting to gold.
Why invest billions of dollars of your customers money (superfunds, hedgefunds, insurance funds, etc) into bonds when your dollar is devaluing quicker than the interest you are getting from the bond?. And if customers lose money, they find somewhere else to put it.
If you've got diamond hands, gold and silver is where you want it. Don't touch it for 3-5 years. For this reason, gold went up 25x in the 70's and 8x in the 80's.
History doesn't lie. Look at long term historical charts. Just don't try to make a quick buck. You may get screwed.
Factoid: silver is the most undervalued commodity on earth. It was double the price 40 years ago! With all the govt green schemes now, and solar panel demand and electric vehicles growing exponentially, etc, yeah, it's time to shine has come in the next few years. (not financial advice -just 2c from an ignoramus)
No God, No fear.
Know God, Know fear.
Know God, Know fear.
