Adam : some time ago there was dialog around Iraq printing new currency notes. My notes are going on 12 yrs old now and I am wondering if they are still good or just so much gerbil bedding
My notes are 10K and 25K.
My apologies in advance - this update will be kind of shorthand. 'Tis the season for tidying up and staying busy outside before the weather gets too uncomfortable!
It's been a while since I gave a shout out to the Weekly Powerballs, so let's get that out of the way first:
Bitcoin - Are we at the bottom? I've seen a lot of comments, both here and in the other groups I read and participate in, regarding cryptocurrencies. BTC at it's current price of $8,200 is still more than double where it started 2019. The eccentric and entertaining John McAfee's prediction of $1,000,000 per BTC by end of 2020 doesn't seem likely (too bad for his junk!), but the big picture is still extremely positive for BTC as many positive avenues exist. HODL to the moon! That's still my motto.
GOLD - $1500 at the moment. Who currently gives the best price for physical gold? I've never actually sold any of my gold, I've only bought - but I might sell a chunk and buy BTC, then sell the BTC at 10,000 and buy the gold back. Just for fun.
OIL - currently WTI at $52. Stable enough, no worries there.
Iraq and China was a big story last week, and it still is, even though it's out of the limelight a little. There was some discussion on the topic of how Iraq will pay China. Some of the articles suggest Iraq will pay with oil, while others state it will be financed by oil... the exact method doesn't matter. What is important to understand is that Iraq has oil.
Whether they barter directly for oil or not is kind of irrelevant. China probably doesn't give a hoot either way, because they know exactly what we know - Iraq is rich with oil, Iraq will not be an impoverished land with no way to pay their debts, and Iraq has every ability to pay their debts... because of oil.
It's no surprise that oil is mentioned in almost all of these articles:
I wish I had a date to put out here, but you all know by now I won't do that.
It sure does look promising, though! Iraq has an RV button to push. I have a text message to send, and a lot of plans in place for our Post-RV activities.