Replying to Avatar Freedom First Bitcoiner

Just a thought

Is the Trump Administration making the markets unstable to drive foreign investment (especially China) to gold so that the US can than dump gold and buy Bitcoin and basically secure the next 100 years of a US dominated world order?

The more i think about it the more it makes sense - remember how China was into silver long after the west moved to gold and how that worked out for China?
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Lostdog 9mo ago

Nah, instead they'll just revalue the gold they have. It's still on the balance sheet for $42 / oz, the price it was when they rugpulled the world in 1971. It would make available a trillion dollar or so instantly

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Marc Kat 9mo ago

I know it's true, but the fact that it's valued at $42 per ounce makes absolutely no sense to me.

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Lostdog 9mo ago

It probably started with an unwillingness to acknowledge the USD devalued so quickly back in the early 70's by the Nixon admin, and here we are at $3200/oz 50 years later 😅