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User-793611

09/20/24 1:05 PM

#734392 RE: vodkadejour #734390

Hello Wodka,
by golly, I am glad to read and see that not only in small circles there are people who know how to think and combine some facts of high finance.
I cannot deny that I thought I could read such a conversation even here in this room.
I am pleased.
XXXX
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sillyinvestor

09/20/24 1:55 PM

#734393 RE: vodkadejour #734390

Well sure, let's discuss this.

Yes, the USD is on a path to collapse. I guess it's time to pick your poison. I've seen you over the past year pushing crypto, obviously you're excited over it. I too, held both Bitcoin and Bitcoin Cash, making a profit on it back in 2021 (the tax reporting was annoying) when I got out.

Gold has now outperformed the S&P for the past 20 years, Go look it up. But it's NOT supposed to be an investment, but rather insurance. Is there a place for the 100x Apple? Of course. Or the Nvidia, well yes, there are a lot of stocks I wish I had invested in years ago, but that hadn't been on my radar.

You mention the only reason people value gold is because it's "(supposedly) scarce", ignoring the fact both gold and silver have been valued for 5000 years, without pointing out a very real modern industrial need for especially silver and new technologies. Ask yourself why central banks have been stockpiling gold? Then you point out the 21 million limitation on Bitcoin (yes, I understand block technology, been a senior analyst and developer for almost 30 years now and it does have it's purposes), without also admitting that even with ledgers everywhere and in everyone's hands, it cannot be manipulated? Do you really believe that? You believe it has value, because it cannot be tampered with. but IT'S track record barely dents 20 years? And why is it that Bitcoin is also displayed visually as a shiny gold coin? Because people value that! Now, people who have invested in precious metal ETF's have lost their investment when a shady firm folded (Oxford Gold anyone?), rather than holding it IN their custody with no counter-party risk. Pointing to your digits on a screen is nice, but when that moment no one expected arrives, you believe it will still be there? Hell Vod, I don't even really trust my BANK to be there if worse comes to worse. My COOP stock sits in Charles Schwab, and I feel the risk is low, but what if Schwab folded unexpectedly? Yes, your stock is insured, but get in line waiting to be reimbursed and after watching the WaMu debacle for almost 18 years, let's just say my confidence isn't extremely high.

And Blackrock? Excuse me, for feeling less than warm about them.

The best I can say, is spread your risk around. That probably means hard assets (real estate, etc), stocks, bonds, precious metals, crypto, cash. Because no one really knows where the next blow is coming from, no matter how much people want to claim otherwise.
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t1215s

09/21/24 6:43 AM

#734421 RE: vodkadejour #734390

Good morning people, Vodka I believe ur under a misconception on why I brought up the gold prices in the first place, here was my reasons for doing so below in short ,it was not to praise the price, but a warning EOS.

https://www.google.com/search?q=when+gold+goes+up+the+us+dollar&sca_esv=3d2729c58a978d77&sca_upv=1&rlz=1C9BKJA_enUS854US854&hl=en-US&sxsrf=ADLYWIJcw6X4W6wqwNCwCsVFMYjAZgIwwA%3A1726914953455&ei=iaHuZoW4G6n_ptQPx8O4

Have a great weekend people

GLTA-Ts
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User-793611

09/21/24 11:50 AM

#734429 RE: vodkadejour #734390

Hi AZCOWBOY, what can you say about the 1.2m shares last night? 18.01pm?
Your opinion as the price was pushed down. Naked selling? hard to believe, otherwise the price would be even lower
thanks
XXXX