I first bought gold coins when gold was at $1000. Just after Bear Sterns went down in 2008.
Since then, we have gone from the western world being quite bankrupt, to being completely bankrupt.
Our governments have spent enormous amounts of money that they don't have on stupid wars and on a re-branding of the flu vaccine.
The BRICS countries who have been stockpiling gold for the last decade. Who can blame them?
The average person has gone from not knowing why they would ever buy gold 16 years ago, to now seeing that gold is a way to preserve value in a terrible monetary situation.
And during those 16 years, the price of gold has gone up by 2.45x. WTF???
The price of gold has not even kept up with inflation.
Where would the price be if everyone that though they owned gold, bought the physical?
Re-hypothication is real. All of the tools that the banks have been using to sell people fake gold can, and are, being used to sell people fake Bitcoin.
Self custody is the only way to own Bitcoin. If we really want the price to go up, then we need to tell everyone we know, to get off the exchanges. Don't even think about the ETFs and don't belive the numbers on the screen that the brokerages sell to us.
ShortFiat / Short Fiat
npub1md…pctp9
2024-08-15 21:04:55
Author Public Key
npub1md39ua3h2s7204a7v5p9sdxmxx9qc7m4kr3r6naeuwfznad6d7nsxpctp9Published at
2024-08-15 21:04:55Event JSON
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"content": "I first bought gold coins when gold was at $1000. Just after Bear Sterns went down in 2008.\n\nSince then, we have gone from the western world being quite bankrupt, to being completely bankrupt. \n\nOur governments have spent enormous amounts of money that they don't have on stupid wars and on a re-branding of the flu vaccine.\n\nThe BRICS countries who have been stockpiling gold for the last decade. Who can blame them?\n\nThe average person has gone from not knowing why they would ever buy gold 16 years ago, to now seeing that gold is a way to preserve value in a terrible monetary situation.\n\nAnd during those 16 years, the price of gold has gone up by 2.45x. WTF???\n\nThe price of gold has not even kept up with inflation.\n\nWhere would the price be if everyone that though they owned gold, bought the physical?\n\nRe-hypothication is real. All of the tools that the banks have been using to sell people fake gold can, and are, being used to sell people fake Bitcoin. \n\nSelf custody is the only way to own Bitcoin. If we really want the price to go up, then we need to tell everyone we know, to get off the exchanges. Don't even think about the ETFs and don't belive the numbers on the screen that the brokerages sell to us.\n\n\n\n",
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