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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: TobagoJack who wrote (168267)2/9/2021 1:37:05 PM
From: Horgad1 Recommendation

Recommended By
bull_dozer

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"Now Elon needs to buy silver :0)
Then gold"

The door is not opened for silver yet, but they are thinking ahead in regards to gold.
From Tesla's SEC filing related to the recent bitcoin purchase:

"We may invest a portion of such cash in certain alternative reserve assets including digital assets, gold bullion, gold exchange-traded funds and other assets as specified in the future,"

"We transact business globally in multiple currencies and have foreign currency risks related to our revenue, costs of revenue, operating expenses and localized subsidiary debt denominated in currencies other than the U.S. dollar. If we do not have fully offsetting revenues in these currencies and if the value of the U.S. dollar depreciates significantly against these currencies, our costs as measured in U.S. dollars as a percent of our revenues will correspondingly increase and our margins will suffer."

kitco.com
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