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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: bull_dozer who wrote (60449)	3/24/2022 1:31:19 PM
From: benwood	Respond to of 60901

This is like a typical car in the going from $30,000 to $7,000,000 in five weeks. Makes the 0.1% interest I'm getting on one savings account seem .... inadequate. Of course, nobody had any savings during that time, they spend everything as soon as they got it. June 30, 1923: RM 150,000 = 1 US dollar August 1-August 7, 1923: RM 3,500,000 = 1 US Dollar

To: bull_dozer who wrote (60449)	3/28/2022 10:18:10 PM
From: bull_dozer	1 Recommendation Recommended By roguedolphin Read Replies (1) \| Respond to of 60901

It makes sense to have at least some gold in a long-term investment portfolio Here’s a strong argument for adding some gold bullion to your retirement portfolio right now, alongside those stocks and bonds. And it comes courtesy of Pavel Zavalny, the head of the Russian parliament. Zavalny spoke last week on the subject of all the economic and financial sanctions being levied against Russia following the invasion of Ukraine. Most of the coverage of his remarks implied that Russia might respond to the sanctions by switching from U.S. dollars to “bitcoin” BTCUSD, -1.01% BTCUSD, -1.01% for international trade. But a look at the transcript being reported shows something quite different. Zavalny added bitcoin only at the end of a long list of other currency and trading options, almost as an afterthought. (As you might expect. Not only is bitcoin new, ridiculously volatile, widely open to manipulation, and a massive drain on energy in a world facing an energy crisis, but it also offers no guarantee of privacy. Western authorities can track all transactions on the blockchain, with the result, for example, that they can even get back bitcoin ransoms.) Much more interesting was Zavalny’s main point, even though it has been mostly overlooked. If other countries want to buy oil, gas, other resources or anything else from Russia, he said, “let them pay either in hard currency, and this is gold for us, or pay as it is convenient for us, this is the national currency.” In other words, Russia is happy to accept your national currency — yuan, lira, ringgits or whatever — or rubles, or “hard currency,” and for them that no longer means U.S. dollars, it means gold. “The dollar ceases to be a means of payment for us, it has lost all interest for us,” Zavalny added, calling the greenback no better than “candy wrappers.” marketwatch.com