Conversation

Notices

1. Embed this notice
   feld (feld@bikeshed.party)'s status on Friday, 07-Jun-2024 04:23:49 JST feld

   • 受不了包
   • Chumchum Tumtum
   • anemone
   • Arcana
   • Pissed Hippo
   @arcana @anemone @shibao @sun @fcktheworld587 if the Fed cuts rates and gold moves 2% BTC will move like 10%
   
   Remember, gold only became legally traded in an ETF back in 2004. And it didn't help people weather 2008. In fact, gold dropped in 2008 because holders had to liquidate their positions to cover
   • kaia likes this.
   • Embed this notice
     feld (feld@bikeshed.party)'s status on Friday, 07-Jun-2024 07:04:57 JST feld

     in reply to

     • 受不了包
     • Chumchum Tumtum
     • anemone
     • Arcana
     • Pissed Hippo
     @fcktheworld587 @anemone @arcana @shibao @sun but anything that is not the dollar itself or another sovereign currency is inversely correlated to the dollar. That is the result of things being priced in dollars and the petrodollar being the world reserve currency.
     
     Buy a real estate? Dollar goes to shit? WOW your house is worth a ton more now!
     
     AAPL is up 4000% since 2008
     
     Ford since 2008? 500%
     
     Gold is keeping up with inflation, but it's not a great investment IMO.
     lainy likes this.
   • Embed this notice
     Chumchum Tumtum (fcktheworld587@social.linux.pizza)'s status on Friday, 07-Jun-2024 07:04:58 JST Chumchum Tumtum

     in reply to

     • 受不了包
     • anemone
     • Arcana
     • Pissed Hippo

     @feld @anemone @arcana @shibao @sun you can very clearly see here how it is inversely related to confidence in the US government and dollar

   • Embed this notice
     Chumchum Tumtum (fcktheworld587@social.linux.pizza)'s status on Friday, 07-Jun-2024 07:04:59 JST Chumchum Tumtum

     in reply to

     • 受不了包
     • anemone
     • Arcana
     • Pissed Hippo

     @feld @anemone @arcana @shibao @sun