gold is a giant circle jerk. the gold miners don't keep any gold, the gold dealers don't keep any gold, the people who own gold sell it for dollars. the people who buy large quantities use it to offset their dollar liabilities. View quoted note →

in the past, 1800-1950s, every printed word carried a cost to print and then produce in large quantities. the writings then were of high quality because every word counted.

i asked my gold dealer what happens with the gold he buys. he immediately sends it off to a large multi state buyer where it is melted and sent overseas. he only keeps very rare rolexes and coins.

i went back to my local gold dealer. there were a lot of people in the store. zero buyers. everyone was selling old jewelry and random coins. View quoted note →

@nevent1qqsxcp3zvskz4v6708e3afrhjtpwgjc2tywyf2qysyurhyhntrd2vuszypw3mq778mj7mhs4wpca2zg6d5p74kxvu82xh3v949jz40wsmdd2qqcyqqqqqqgprpmhxue69uhhqun9d45h2mfwwpexjmtpdshxuet5qyg8wumn8ghj7mn0wd68ytnhd9hx25gcfnh the price action for gold silver and bitcoin is taking place on asia time View quoted note →

if you were the CCP and you were in the process of developing an international gold exchange and encouraging trade partners to settle in gold, one of your priorities would be to make gold look amazing and make competitors like bitcoin look terrible. right now the price action is taking place outside of wall street hours. we were in a wall street run market with the etfs for the last few months. it seems like gold and bitcoin are in an asia run market again.

$8.50 per watt cited in the Morgan Stanley report means most on grid publically traded miners should simply sell themselves to big-AI since they have never been good stewards of shareholders' value. let's return bitcoin mining to the energy cockroaches

don't eat soy  View quoted note →

seems strange but perhaps immigrants were driving demand for houses in the US