Replying to Avatar π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯)

Did you know the ratio of Paper Gold to real metal is 100 to 1? Governments are selling gold futures contracts to keep the gold price down. Most precious metal futures are cash settled, so they never have to deliver the real gold.

Since central banks have access to infinite money, they can literally print any amount of fiat and use that to depress the price of gold.

This is the same playbook they will use to depress #bitcoin’s price
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Cpt. Charisma 2y ago

They get away with this due to the dificulty of storing and moving large amounts of gold. Bitcoin is much easier to move and store. There is no advantage to holding paper bitcoin vs real bitcoin, so why would you accept paper bitcoin? Some people will fall for it, but they will get rekd, just like FTX, Celcius, MtGox, etc. I'm predicting that the dollar will finally die when legacy financial institutions fail due to trying to fractional reserve Bitcoin. It will happen quickly, just like Silicone Valley Bank.

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