Loading ...Somebody else’s thoughts from the “net” which are pretty much the same as mine. (I did correct one typo)
I’ll leave him “anonymous”.
So Central Banks and countries (e.g. Russia, China) are going after and accumulating massive amounts of Gold. Silver too. And in their possession. GOD’s money gold and silver. Why don’t they chase Bitcoin and other Cryptos instead too? People chase after the illusionary Cryptos in Cyber Space accessed and stored in fancy ways as Binary 0’s and 1’s. Backed by nothing! What a deal! And going up big time in price just like the Tulip craze in Europe centuries ago. Remember the lines of people waiting to get Beanie Babies and Cabbage Patch dolls? Now we’ve got the Cyber version of. And when the internet or grid go down they go “poof” and no longer exist. Not sure but seem to recall somewhere the CIA was involved somehow in the creation of Crypto. Now that’s a vote of confidence in them if they were! Keep on chasing the illusion of Cryptos. Central Banks and countries around the world are quite happy you are while they buy gold and silver at supressed prices on the cheap compared to what they should be.
Wildwoodwolf – here’s a question for you. Knowing what we do about Tulipmania, if you had a chance to jump in at the mid point of the craze, double your money and then get out with twice the money you started with, would you have done it?
Hi KenS, Since I wasn’t there during the Tulipmania I can’t say for sure what I would have done then…But… I WAS there for the start of the ETF/Derivatives mania and checked out a couple of the original Charters; one was GLD and another two I checked were GDX and GDXJ…. and paraphrasing, what they all said was their only obligation was to TRACK the value of the underlying securities they represented, report that value to the shareholders for a certain management fee, and on request return those shares at their current value. They, the ETF, had no obligation to buy, sell, or own anything. They also stated there would be no audits allowed…and IMO those charters were basically saying “we can do anything we want with the money you invest”….and IMO that is what they have increasingly done since then to control all the markets. That is also when the Super Computers like BlackRock’s Aladdin came on board and began controlling more than 1/2 the ETF’s in existence, and again IMO began using all the ETF investments to control all the markets. And another “wild hare” idea I have is the on-line brokers have given (for a fee) these super computer owners, like BlackRock, access to all their clients unused “margin accounts” so they can have total market control without violating any SEC laws.ie, no more naked shorts they have to cover. You buy…they sell/short with your own unused margin….and so the markets only go where they want them to go. When I picked up on this stuff I cashed out, paid a bundle of taxes, bought phyz, and have watched from the sidelines as the world becomes more and more corrupt. So knowing or suspecting what I “see” now, I have to conclude the answer to your question is “NO”. It would go against my conscience and integrity to be actively involved in any of these “get rich quick” scams that are robbing humanity of its integrity by making Satan’s money their god. All FWIW but WTHDIK! www
Good answer. Thanks.
All you need to know is that when the stock market cratered in January 2021 that Bitcoin crashed right alongside it. That is your hint that Bitcoin will suffer the same fate as stocks and is not going to offer any refuge from a calamity in equities.