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Tron

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Welcome to the new era of Stagflation.

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On 4/25/2024 at 7:42 AM, Tron said:

Welcome to the new era of Stagflation.

I listen to Peter Schiff from time to time. Huge Gold guy... he is usually 100% correct on just abut everything.  The effort is to kill the Dollar and this is going to hurt. 
https://www.zerohedge.com/political/peter-schiff-blasts-bidens-proposed-taxes-blatantly-illegal

 

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Finally the US Dollar explained... kind of. 

 

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One more on a debate about Bitcoin and Gold. I think Gold wins hands down. 
https://www.zerohedge.com/economics/bitcoin-vs-gold-who-won-zerohedge-debate

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3 hours ago, ALanHim said:

One more on a debate about Bitcoin and Gold. I think Gold wins hands down. 
https://www.zerohedge.com/economics/bitcoin-vs-gold-who-won-zerohedge-debate

Gold has a trust problem. Nobody knows exactly how much gold the US, China or any other government actually holds. Additionally, there is a verification problem. Counterfeit gold is widespread. Would you take gold from someone you didn't know in trade for goods and services? 
 

Bitcoin fixes both of these problems. In the short term gold will definitely be better than holding US Treasury Bonds..but in the long run, Bitcoin will demonetize gold. 

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