over9k
So I didn't tell my wife, but I...
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???They're totally cooked.
White House Says Gold Reserves May Be Used to Purchase Bitcoin
A senior White House official has hinted at the possibility of the U.S. utilizing its gold reserves to acquire more Bitcoin (CRYPTO: BTC).
What Happened: Bo Hines, the executive director of the President’s Council of Advisers on Digital Assets, suggested in an interview that the U.S. could capitalize on the gains from its gold holdings to purchase more Bitcoin.
This move, according to Hines, could be a budget-neutral way to increase the country’s Bitcoin reserves.
I think you have to ask why Trump wants to make fake money or a currency that isn't easy to follow; a lot of conspiracies could come out of this question.???
wouldn't they be better just putting some Government servers on to mining bitcoin ?
it is not as though the US is deficient in computers or power to run them
but gold just magically appears doesn't it ( or you just steal it from an invaded country )
MAYBE the theory is bitcoin is easier to track and trace via the blockchainI think you have to ask why Trump wants to make fake money or a currency that isn't easy to follow; a lot of conspiracies could come out of this question.
If hackers use it, safe to say there's a certain level of anonymity.MAYBE the theory is bitcoin is easier to track and trace via the blockchain
that would be an interesting twist to government surveillance ( the Government actually tracking it's own spending )
if bitcoin is traded electronically it should be very traceable ( after all nearly all US communication is mirrored as it goes through the exchanges )
personally i would still prefer physical commodities with physical delivery ( gold , wheat , oil etc etc etc ) if the government wants taxes .. i will send it a bull or several dozen eggs
not for long if several Governments embrace them , it is just the way governments are ( we MUST control it )If hackers use it, safe to say there's a certain level of anonymity.
And to think there was a record amount of money from Australia going into US stocks at the start of the year. Super funds were all in with US stocks. A few people have lost their shirts now, joined the party to late.More butt hurt comming, the 2nd of April tariffs should push it down further. I said there would be a few dead cat bounches and I think there'll be a few more to come.
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Recessions and uncertainty are 2 things the markets never like. Until we get past these, I think all you'll see is more bull traps.And to think there was a record amount of money from Australia going into US stocks at the start of the year. Super funds were all in with US stocks. A few people have lost their shirts now, joined the party to late.
My spidey sense is saying we're at the start of a bear market. I base this on nothing but my spidey sense.
well a bear market is notionally down 20% ( or more )So the S&P ended the day 2% into the red and futures are another 2% into the red as of saturday afternoon.
Famous last words but it looks like my spidey sense might have been right.
good luckI would like to buy NAB OR WDS for $17 for my super fund if things really get nasty, currently 60% cash with Super. The last time NAB and WDS was that cheap was during the March 2020 crash so fingers crossed.
Why those?I would like to buy NAB OR WDS for $17 for my super fund if things really get nasty, currently 60% cash with Super. The last time NAB and WDS was that cheap was during the March 2020 crash so fingers crossed.
well $17 for NAB would be a fair price ( it doesn't seem to stumble as often as WBC )Why those?
NAB for the dividends, usually you can't butWhy those?
NAB for long term dividends, at $17, I would consider the stock as a steal, usually you can only buy NAB that cheap in your dreams. In 2020 the stock was about $17 in the depth of panic selling, you just had to ignore the pessimism.well $17 for NAB would be a fair price ( it doesn't seem to stumble as often as WBC )
given a choice between NAB and WBC sub $20 i think most would take NAB
i have never held NAB , however if all 4 were steeply discounted i would probably buy back into ANZ as it still tries to grow inorganically
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