Excellent article
that's a great insight... how the withdrawal of Gold can be anonymous....
crypto is going for gold, or
gold is going crypto
the two together may be stronger
albeit unclear how withdraw of gold can be anonymous
Again, not the “paper gold” that many banks offer in obscure investment vehicles, but real, actual, physical gold, fully owned and stored with a reputable non-bank operator. Rickards’ suggests that ten percent of a solid investment portfolio should be in physically owned gold and warns that, sometime in the next few years, triggered by clear signs of an impending collapse of the world’s monetary system, a panic-buying spike in the demand for gold could boost gold’s price to $10,000 per ounce (now it’s about $1,260, or $40 per gram).
Warren Zevon penned "Send Lawyers, Guns and Money...Lord get me out of here"
No wonder that the sales of Guns ands and ammunition have gone through the roof.... the guns can be more valuable in gold in a large scale blackout, the LA riots of 1992.... the hundreds of riots in 1968.
Big Hurricanes, natural disasters... let alone a global monetary collapse.
When I read President Truman's award biography, by david mccullough. (Got a Near new Hardback in mint condition for .50 cents at a local library last year and had another read through of it)...
President Truman, who was bankrupted by the Depression of 1920... was highly concerned of the huge massive 10X expansion in the US annual budget and deficit by WWII.... I had an epiphany of his fears....
as we move forward in time..... the numbers just get bigger and bigger and the inflationary trend moves upward.... but with sharp serious pullbacks that eliminate the speculation by wiping out a portion of the monetary expansion.
It's similar to watching a craps table get real hot and .... those are real intoxicating..... exciting... maybe life affirming experiences.... and then a player or too crap out and the music stops....
"and Bear markets are were money goes back to it's rightful owners."...... has been said many times throughout the years.
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Your post on this development is interesting as it's the a main artery .. that is endeavoring to bring together, cryptocurrencies, Gold and Sharia Law..... TJ my friend that sounds like the 2017 analogue or sequel to Hunter S Thompson's seminal 1971 Fear and Loathing in Las Vegas: A Savage Journey to the Heart of the American Dream
en.wikipedia.org
his book on the "60's" and the search for the "Heart of the American dream".. Possibly this is the search for the Great Islamic dream.....
and as Harrison Ford's character says towards the climax of 1988's "Working Girl".... Gentlemen, the names may have changed but the name of the game is still the same....
Let's make a deal..... That's what operating margins, P&L statements and Faust Bargain with the Devil are all about..... I guess...... or more accurately... that's my best insight tonight.
Message 31152463
I posted this on my thread market lab thread but added IPO ramp up on GZ's
JJP |
