Perhaps you are right. Your comment certainly pans out nicely. But there remains a rational and logical argument for asserting Blackrock and Larry Fink remain an annoying manipulative threat to BTC.
The gold bullion market saw its first ETF in March 2003. By about 2006, most of the gold being traded through Western exchanges was Paper gold. It was gold that did not have sufficient bullion to back the increasing amounts being traded. In fact, the paper Gold market soon grew to being multiples larger than the physical market. The over-hyped system only worked because so few insisted on delivery. Similar arguments can be made for Silver bullion over the same period. We all know that the price of Silver should already be well north of $70 per ounce.
The Gold price continued to rise beyond 2007, and by early 2011 everyone was expecting it would soon be circa $3,000 per ounce. Then August 2011 arrived and the Gold price suddenly fell, and it remained flat for the next 11 years (until the start of Russia's "Special Operation").
An ETF is an ETF whether it is attached to Gold, Silver, or Bitcoin. Paper (bullsh*t) markets remain Paper (bullsh*t) markets whether what's being nominally traded is Gold, Silver, or Larry Fink's paper Bitcoins.
Gold only broke out of its Paper Vice thanks to the inauguration (on September 18, 2014) of the Shanghai Gold Exchange, which was followed by Beijing's Chinese Communists encouraging their prisoners ... oops, I meant their 'citizens' to own Gold Bullion.
The Gay Mafia in London have been bleeding gold ever since because Shanghai forced their hand; which obliged the LBMA to start making massive deliveries that had previously been masked over by Paper Certificates and 'queer' promises. This enforcement of reality is surely the unspoken reason why the British population is currently being hammered by this new Bolshevik Government led by a compromised extremist named Starmer, supported by his weird clique of ugly feminist Ministers.
Fink won't push for a Bitcoin Coin Fork until he has taken ownership of a lot more Miner Shares. He might be a dumb MF who celebrates Hanukah each year, but he's certainly "street smart". And at the current rate he is moving he could achieve this by late 2027.
So don't be Blasé. 🌝
Thunor
npub1jn…hlyup
2025-01-04 20:01:16
in reply to nevent1q…hst0
Author Public Key
npub1jnqf9jqyd8hygxsc9pe84fqm3lnzdcqzmuvwz04k8sxq0qagsf9s3hlyupPublished at
2025-01-04 20:01:16Event JSON
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"content": "Perhaps you are right. Your comment certainly pans out nicely. But there remains a rational and logical argument for asserting Blackrock and Larry Fink remain an annoying manipulative threat to BTC. \n\nThe gold bullion market saw its first ETF in March 2003. By about 2006, most of the gold being traded through Western exchanges was Paper gold. It was gold that did not have sufficient bullion to back the increasing amounts being traded. In fact, the paper Gold market soon grew to being multiples larger than the physical market. The over-hyped system only worked because so few insisted on delivery. Similar arguments can be made for Silver bullion over the same period. We all know that the price of Silver should already be well north of $70 per ounce. \n\nThe Gold price continued to rise beyond 2007, and by early 2011 everyone was expecting it would soon be circa $3,000 per ounce. Then August 2011 arrived and the Gold price suddenly fell, and it remained flat for the next 11 years (until the start of Russia's \"Special Operation\").\n\nAn ETF is an ETF whether it is attached to Gold, Silver, or Bitcoin. Paper (bullsh*t) markets remain Paper (bullsh*t) markets whether what's being nominally traded is Gold, Silver, or Larry Fink's paper Bitcoins. \n\nGold only broke out of its Paper Vice thanks to the inauguration (on September 18, 2014) of the Shanghai Gold Exchange, which was followed by Beijing's Chinese Communists encouraging their prisoners ... oops, I meant their 'citizens' to own Gold Bullion. \n\nThe Gay Mafia in London have been bleeding gold ever since because Shanghai forced their hand; which obliged the LBMA to start making massive deliveries that had previously been masked over by Paper Certificates and 'queer' promises. This enforcement of reality is surely the unspoken reason why the British population is currently being hammered by this new Bolshevik Government led by a compromised extremist named Starmer, supported by his weird clique of ugly feminist Ministers.\n\nFink won't push for a Bitcoin Coin Fork until he has taken ownership of a lot more Miner Shares. He might be a dumb MF who celebrates Hanukah each year, but he's certainly \"street smart\". And at the current rate he is moving he could achieve this by late 2027. \n\nSo don't be Blasé. 🌝 ",
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