Gold & silver just vaporized $6.52 trillion in combined market cap over the past 48 hours.
Discussion
Tectonic plates are shifting
Insiders sell into strength.
Would have been a perfect time for the USG to offload a small % of their gold.
The price of the US Governments held gold is $42.22 per ounce. Never changes by law.
People took profit. That's it. There's no rhyme and reason. If you believe in Bitcoin and it's philosophy, you have to believe in Gold too. I get that Gold is not as divisible, easy to transport but it does have the same method of extraction. Spending energy. 🤷🏻♂️
They could stop mining gold today and there would be enough to go around
So does Bitcoin.
People got liquidated. You don't get that kind of volatility and declines from just profit taking.
People knew gold went parabolic. Big money sold first and then people panic sold. Big money bought again at the lows.
No. This was major liquidations, shorts smelled blood, profit being taken, and lots of re-papering.
Msft and other tech stocks yesterday caused margin calls, people sold Bitcoin to cover, sold bonds to cover, and sold metals.
Silver always drops back down. It's too easy to mine in the long run. AI capex is dropping from the middle caps and down, silver demand dropping back as well.
The gold to silver ratio was at a floor it is due, it's a terrible money.
So you predict that they fall more?
I have no idea. But over the past 150 years, when the gold to silver ratio gets way out of whack, it comes back into alignment.
Could this time be different? Of course. Only time will tell.
I like these kind of moves. We are so back. We are so fucking back. Do your-future-self a favor & Ignore fiat price. Stack sats in cold storage.
That's impressive...
too volatile!
Did someone say bubble? 🫧
Classic rock pull.
That’s 4x bitcoin’s market cap lol
Weimar vibes
All $6.52T is about to rotate into Bitcoin. 🤣
Buy the dip. Nothing has changed. East is still acquiring metals at record volume.
how do we know who is buying
what does that mean? people getting profits?? gold and silver expected to go back up
For comparison, Bitcoin's total market capitalization is about $1.6 trillion, roughly one-fourth of that amount. That's like imagining losing ALL of Bitcoin... four times over. 😅
bendover martybend
if bitcoin lose mcap -$1.8T it goes 0.001
Where did it go ?