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Posted on 03/06/2024 6:06:55 AM PST by CFW
Edited on 03/06/2024 10:48:06 AM PST by Sidebar Moderator. [history]
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Junkcoin
I got in between $21k to $27K and its tripled since.
We’re pumping $1T into the economy every 100 days or so. Just because it feels good.
And stocks are high.
And gold is high.
And bitcoin is high.
It’s pretty but this party can’t last.
It funny- i initially got into gold (natural resources mutual funds) when ayatollah obama took over because i knew he was going to destroy everything. I made a lot of $$$ and fortunately held on to that fund through the Trump years till now.
Looks like insiders have considered the whole system could crash... and by ‘whole system’ I mean the US dollar.
Trump can overcome this but it’ll be a rocky ride until he’s elected.
It is a bit like Las Vegas.
The house wins as long as people are gambling.
And while they are screwing others, or getting screwed.
Just throw money at crypto and metals. What could go wrong?/s
Best economy ever.
It’s going to be spectacular
And not in a good way
Gold going up? or dollar going down?
Same difference?
I see gold going up to $5,000 but then a loaf of bread will cost $6,000 so where it the gain?
But both are not the US dollar. I think that is the point.
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Thanks! For it - or ag'in it, it'll be a wild ride.
as dollars become more and more worthless, gold, BTC, and real estate increase in value compared to dollars. I will keep on owning all three
My hat’s off to you. I’m old enough to remember when gold was 35$ an ounce.
I actually bought one ounce back in the ‘70s for $250. A Krugerrand. A couple years later I sold it for $450. Wish I had some now. I do have some silver, but nothing equal to gold.
I’ve never quite understood the value of bitcoin.
I understand based on supply and demand that the price of Bitcoin has been bid up over the years, because there’s a demand for it as an investment.
If you buy stock in a company , you’re buying a share of the company, its assets, and anticipated future profits. If the company is profitable based on the sale of its products ,then you will possibly get a dividend on your stock investment.
With Bitcoin you don’t get any of that. Bitcoin does not produce goods or services or sell products to customers. Bitcoin is not a business which produces anything. Bitcoin has value because people buy into it, but there isn’t any underlying business operation with bitcoin.
The USD hasn’t been around for 3,000 years, gold has. Bitcoin? I am not a fan of hoarding electrons on some electronic device.
Fact is physical Gold is financial insurance. We have car insurance, life insurance, home insurance, medical insurance,……and Gold has always performed in times of financial crisis.
Despite the volatility as it climbs in its price discovery phase, Bitcoin is widely regarded as a store of value now, at least by the under-50 crowd. In 10 or so years goldbugs will die off (literally, from old age) and gold’s value will recede to its value as a commodity similar to copper or palladium. I think it will retain 1/3 to 2/3 of its current value and then plateau again.
Expected market response to high inflation.
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