strange gold actually went up when USA put up rates 5 times since 2015,,,,,,
correlation has to do with real rates not headline yield imo, but headline yield can of course make for good headline. It also has to do with the number of $ in the system, and currently they are increasing net along with the balance sheet of the fed which is holding some of the assets money market particpants are eager to trade at rates provided by the FED
what is the inflation rate and the target or official rate?..... swiss for example put repo rates to zero last night as flagged since October. So lets say you get zero on your interest deposit assuming you have enough money to qualify and inflation yoy to nov was 1.87..... what's the real rate?
I see Bitcoin getting another push across the interweb and on here as alternative.
Probably right for a time but they had a few problems but the idea has some fundamental issssshews
It was supposed to be limited supply but that was BS as they created new ledgers under a different name, a couple of times
Then of course there is the blockchain technology itself which is confirmed every 10 minutes and supposed to be unbreakable-
but there is billions in theft and despite the fact that every transaction ever should be able to be traced not a single person has ever been caught despite huge amounts being stolen.
great scam
Everyone loves getting into these type of alternatives
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Then of course there is the cost to maintain what is essentially nothing more than an excel ledger,
the cost is absurd, at 15000 usd it was 27.5M PER DAY from memory in coins given away by unknown people to unknown people per day - nuts 27.5M roughly a day to maintain a single ledger a day - ahh haaa, that's efficient
The ASX doesn't have people complaining their shares have been stolen, confirms vast higher numbers of daily transactions for essentially thousands of ledgers on its board and its costs were about 116K from memory.
Anyhoooooooo, car sale on have to run
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