Replying to Avatar El Zeta

I wouldn’t discount gold at all (I don’t own any gold btw) bc what the RIC are doing is a massive short on the Empire. America doesn’t have the gld reserves it says it has. So they know where to squeeze

Amazing times
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gojiberra 3mo ago

yah, i don't see the point in owning gold. i only now understand the value of gold after studying bitcoin.

so most people i talk to don't understand gold at all. they think people investing in gold are eccentric and borderline problematic. in fact, i think bitcoin is an easier sell than gold just because i can demonstrate a simple payment with it.

so the future really just is bitcoin IMO as long as we are progressing in a digital direction with lights on. this has been the trend for the last several hundred years, if not 1000 years

the lights will stay on somewhere on the globe if not everywhere and bitcoin allows you to move there and participate in that society.

whereas gold is more like owning real estate that fixes you in place.

gold would be valuable in regions where they don't have electric/internet grid. but i don't think i want to live there!

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El Zeta 3mo ago

Russia and China have been mining bitcoin for years now. They know the game and are all in 😉

Bitcoin is far more superior than gold! It’s def one the future reserve assets alongside with other things

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gojiberra 3mo ago

So why do they buy gold too? Is there an advantage to both( I think no since superior money can always buy more of the less) unless it's 4 D chess somehow to raise price on one to sell for the other?

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El Zeta 3mo ago

They are buying gold aggressively. Couple of reasons; to back their own currencies with hard money, short US treasury bills/bonds (their yield is spiking), short US paper gold which the US doesn’t have

They are de-leveraging because they know the US dollar is cooked

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gojiberra 3mo ago

I see. If I were more of a history buff I would look at what happened in the past. I know there's the gold/silver story with India/China and Great Britain,but those were both physical commodity monies.

So I wonder how long the Bitcoin/gold duopoly can last.

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El Zeta 3mo ago

Bitcoin/Gold/Commodities and exports for a long, long time imho

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gojiberra 3mo ago

real commodities... i've got a lot to learn here.

e.g.

round bales are 50$, weigh several hundred pounds, last for a couple years. and feed maybe 10 cows in a day...

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El Zeta 3mo ago

Yes

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El Zeta 3mo ago

Essentially what Russia and China are doing. Russia provides oil and minerals and China provides tech/ products

https://www.reuters.com/business/finance/wheat-chinese-cars-russia-turns-barter-skirt-sanctions-2025-09-15/

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gojiberra 3mo ago

very interesting. back to barter. funny