Honey, Lets Sell the Kids and Buy Gold

[schizo]

All right, all right.
I always keep some T-Bills at AMTD, now Schwab.

So quit bitching and buy our debt!!!

I said with tongue in cheek that everyone should buy the US treasury to finance our debt, but, but...

But if you think about it, that's not a bad thing when you factor in how stupid and wasteful American consumers are. They will continue to spend even when they're neck deep in debt. And now you know why I consider Chinese to be even dumber for having sold our dollar.

 

[maxinger]

It breaks the record high.

Up it goes to the moon and beyond.


mid May 2024 price: 2360
Now 2640
profit : 12%
OP is now very rich.

 

[zdreg]

Image from Great Depression

re: history behind the picture
https://www.ranker.com/list/story-behind-photo-of-children-for-sale/1499368817867

 

[maxinger]

Gold is now in the uncharted territory.

 

[zdreg]

re: store of value
Tradition vs. Innovation
Gold vs. Bitcoin
Both in theory exist in limited amounts.

 

[wxytrader]

View attachment 349520

It breaks the record high.

Up it goes to the moon and beyond.


mid May 2024 price: 2360
Now 2640
profit : 12%
OP is now very rich.

Mid May 2024

re: store of value
Tradition vs. Innovation
Gold vs. Bitcoin
Both in theory exist in limited amounts.

@maxinger @schizo


Gold and bitcoin should not even be compared at this point...bitcoin is in a whole other class of its own. It reminds me, when there was a 4x4 contest between various truck brands, and on site they had a Hummer to pull out anybody who got stuck in the mud lol. It's like why even have the competition? The clear winner is the Hummer.