Hmm, now add China, India, and Turkey. I wonder how long this will take in order to run out of Gold.
“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
― Warren Buffett
Commentary by tzcap: I wonder what kind of line Mr Buffet can come up with for all the prized fiat currencies that have failed or what he could teach the Incas or Mayans about Mars and gold if they were still around.
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Source:
Smaulgold
One it proves that now is the time to buy gold and silver.
While billions are being thrown at crypto, governments are realizing that money is not going to them.
Question: why are the governments allowing bitcoin, yes some are outlawing it and some are threatening to outlaw it, but they cannot stop it.
Enter a gold backed government crypto, one in which you can exchange for real gold or silver, it will change the world overnight.
The dollar will be dead.
And it’s a race to who comes up with this gold back currency, the US can also start printing gold backed certificates like before.
I believe we can makes lots of money from bitcoin and alt coins right now, what I believe is there will be a crash in crypto.
I’m not sure if bitcoin survives when people are able to buy gold backed currency.
I personally think it’s best to have some of all
Exactly! Listen to all, follow none, diversify plenty.
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