gold, page-130693

First 130693 Last

Share
Profile

Follow
Geo2

30 Posts.

46

14/01/25

13:39

Post #: 77398170
Share

Originally posted by Dentie: ↑

"Trump and Elon have joined forces to pump it to the moon and use the US treasury to buy up bitcoin stakes of his $billionaire friends, "Your above statement describes exactly what my problem is with Bitcoin and the US (in any form) being involved in it. Read it slowly and take it in....

They are going to treat it just like they have with FIAT. It is a toy for them which they will tamper with to "blow up" its value (well, its perceived value) for whoever the deem worthy recipients (ie THEM!!). I read somewhere last week that Elon Musk could soon be the world's first trillionaire. Isn't that insane?

In my view, yes, they will run up Bitcoin to such a ridiculous level that FOMO will take over (as it always does) and the "uninformed" public will all rush into it and one Friday night after the markets close, "THEM" will all sell and the perceived value will evaporate overnight. To use it as a reserve monetary thing to back the Treasury is patently ridiculous quite frankly. It's volatility alone should negate its suitability. It has no intrinsic value whatsoever.

There is a reason why Au & Ag have been used as monetary metals for thousands of years. Their intrinsic value cannot be artificially blown up and I am more than happy to continue to hold the stuff.

Merry Christmas mate.

Expand

Totally agree with you and so does Jim Rickards

‐---------------
15 Upvote

Reply

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

PIQ

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

First 130693 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

gold, page-130693

Top Stories

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Proteomics notches up as company launches PromarkerD into the US

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Novo flags antimony and gold in the Pilbara – but does it need to step back?

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Featured News