Old pros don't show emotion anymore, they just enjoy the process.
Challenge: 250 sats for every meme that makes me giggle! But each npub is only allowed 1 entry, so you gotta make it count! 😁😎 #PursuitOfZappiness
The largest purchase of gold by the IMF was made in 1971, when the United States refused to redeem its dollars for gold under the Bretton Woods system. That year, the IMF bought 50 million ounces of gold from the United States, which amounted to about 1.5 million kilograms of gold.
Since the price of gold was fixed at $35 per ounce at that time, the IMF purchased this gold reserve for approximately $1.75 billion. This was one of the largest gold purchases in history.
#Inflation is like a genie, very easy to let out, but hard to put back in.
Humans are pre-programmed to be bad at investing. What to do? #DCA
#25k satisfying all sides
https://twitter.com/adam3us/status/1627005079743082496?t=wH1JUuuBwVt_1W94VC5D6Q&s=19
Gresham's Law is an economic principle that states that "bad money drives out good." In other words, if two forms of money are circulating in an economy, one of which is considered to be of higher value or quality than the other, people will hoard the good money and spend the bad money. As a result, the good money will disappear from circulation, leaving only the bad money.
The principle is named after Sir Thomas Gresham, an English financier who lived in the 16th century. Gresham observed that during the reign of Queen Elizabeth I, there were two types of coins in circulation: a high-quality coin with a high silver content, and a low-quality coin with a lower silver content. People began to hoard the high-quality coins, and used the low-quality coins for transactions. This led to a shortage of the high-quality coins in circulation.
Gresham's Law is still relevant today, and can be applied to various situations. For example, it can be seen in the case of counterfeit currency driving out genuine currency, or in the case of cheap, low-quality products outselling higher-quality products in a market.
People are interesting. I can tell you from experience that they don't learn from their mistakes.
My condolences