Replying to Avatar Brrrrrgardus

Two questions end this debate:

1. What institution demonetized gold? Central banks

2. Who is driving the gold bull market? Central banks

How many times can people fall for the same rug pull?
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CitizenPedro 3w ago

Yeah and for me the strategy looks pretty simple. Trump administration waits for full gold remonetization, revalues balance sheet, gets 1T in liquidity, buys 100 billion Bitcoin, further monetizing Bitcoin.

Why would the US want to monetize gold again, when BRICS are hoarding gold. It makes zero financial sense. The play would be to monetize Bitcoin and have Saylor go around the world to create the seeds of the new T-bill, Bitbond.

Apart from this there will be the AI bubble risk capital moving from AI to the next risk asset. They'll certainly not play gold.

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Brrrrrgardus 3w ago

Unfortunately, they don’t have to buy the Bitcoin. They control upstream energy resources and can “acquire/invest” downstream “strategically important” companies like Strategy. In the end, a Treasury Dept eager to acquire Bitcoin will defeat the Fed, I just hope they don’t destroy property rights to do it.

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CitizenPedro 3w ago

Yeah, I get that. By the way, so you think the Treasury Department will not acquire Bitcoin?

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Brrrrrgardus 3w ago

I think they’ll seize it and mine it in secret. Hash rate is no longer sensitive to price and energy costs are going up so they may already be mining it. Bessent slipped when he said they were only going seize Bitcoin not buy it. He walked that back but and went with the “tax-neutral” official talking point. I think they’ll seize sovereign wealth fund may acquire more than the treasury.

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CitizenPedro 3w ago

Ah, good point. Mining would perfectly fit the situation, with the whole "drill baby drill" energy thing.