mikedeason
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BASEL 3 and a Phased Return to Market Priced Gold: Monetary Reset
mikedeason replied to yota691's topic in World Economy
I'm bumfuzzled and perplexed. Until this current slump I thought crypto was for sure the ideal store of value. But after reading the links above I'm wondering if I shouldn't buy more gold; yet with the present shellacking in crypto (I'm down over 30%) I hate to liquidate my weakened cryptos in order to buy more gold ..... -
FWIW in the last 2 month's I've sold 2/3 of my BTC holdings. Pres Biden has said all policy decisions will be made from the perspective of a) their environmental/green impact and, b) gender ramifications. At that point (two months ago) BTC was just beginning to get flak for its energy intensive properties. Seems media attacks in this regard are picking up steam. I may eventually regret it but for now at least I'm glad I've dropped most it. Teeka Tiwari as of a month ago thought it would still climb to $100K or more, so I kept a third of my position just in case. Whatever, most of my BTTC was bought at $12,000 and $20,000 so I've come out just fine. Am glad XRP is on the right side of the energy line.
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Just said a prayer of gratitude that we've had uninterrupted utilities here in So. Indiana. We have our electricity, natural gas and water, so far with continual operation. Supposed to get down to 8 degrees tonight. We generally get one cold snap each winter when temps fall to single digits for 2 or 3 days. Helps keep bugs (particularly mosquitoes) under control in the following summer season so for us it's actually a blessing.