Goldmiester
Active Member
It would be great if BTC could decide what its wants to do now... lol.
IT BEGINS !!
- Thread starter SilverSale
- Start date
The debate really shouldn't be about bitcoin anymore. It should be about the place gold does or doesn't have for our future.
What's your thoughts on that stacky?
Wondering if I should crack the 5th beer or not!!!
If central banks are buying, so am I.
Shouldn't even need to think about that!
Touché, I realised I was already half way through the 5th already.
In all seriousness I don't know... If the closest analogy for BTC is the internet then I think about PC's and mobile phones. They were a separate 'thing' united through communication. I think crypto and gold will merge in the same way. Similar enough to need each other, different enough to exist together.
Are they? India, China Russia are adding, Australia, UK are not. The US well we don't really know but the offical reserves haven't changed.
monthly-central-bank-statistics
So BRICS states seem to be giving it some attention. That's enough to get my attention.
And we hope for a future without central banks right
We can hope as much as we want, the trend has been increasing centralisation since WW2. I have my doubts that crypto will change that. As soon as it is adopted by central banks in CBDC form, whatever glimmer of hope Bitcoin represents for decentralisation will be long forgotten by the masses.
nicotineandcaffeine
Active Member
ETF's gold is growing faster than China and Russia. I suppose China needed to build gold for foreign exchange. Definitely not gold standard levels though.
One for trustless physical wealth. One for trustless digital wealth. Exist together sure but not a whole lot in common.
Fair enough, we all need indicators. I tend to think that the BRICS nations just haven't worked out the system yet.
I'd lean to institutional/ETF stats global-gold-backed-etf-holdings-and-flows which then brings up another option, to buy gold or buy ETF's?
Sorry but I can't trust the reporting on physical wealth. It's rubbish hearsay. Needs blockchain to validate.
I think it's naive to suggest Russia, China and India have yet to work out the system.Fair enough, we all need indicators. I tend to think that the BRICS nations just haven't worked out the system yet.
I'd lean to institutional/ETF stats global-gold-backed-etf-holdings-and-flows which then brings up another option, to buy gold or buy ETF's?
Buy ETFs for liquidity and physical for security.
Why do they need gold?
Your guess is as good as mine but they're stacking hand over fist. Presumably they know something we don't.
I think it’s naive to suggest the CBs of Russia, China and India know something.
I’m sticking with my position that they don’t know what they’re doing.
At the height, 1 flower can sell for 3000-4000 florins. Photo of a florin.
https://www.investopedia.com/terms/t/tulipmania.asp
https://www.investopedia.com/terms/t/tulipmania.asp
Argentum
Well-Known Member
I reckon should hold both for a while. BTC is good to make money (while it gets adopted more and more its worth more and more-network effect) and comes with risk some which havent been fully seen. The CBs may not fool you but masses will be easily to fool eventually to accept alternatives to real BTC(how with paypal you can buy bitcoin and not really own but have exposure to it or even accepting CBs own crypto) just like they did Gold with paper notes, GLD and other instruments. If that happens bitcoin and you hold that instead of real BTC it will be worth nothing. With Gold(bullion) you can be safe its purpose for me is to protect not earn. Thats why its good to have both positions; a core to protect and one fraction to earn and convert to bullion as time passes.