Replies (55)

Petar's avatar
Petar 3 months ago
The last couple years alone is insane, shows fiat is officially broken, check gold priced in BTC
Charting on linear? Bitcoiners are hardly any smarter than smart fiat coiners right before they fall down the abyss. Patiently waiting for Bitcoiners to realize they missed the decadal Monero bottom.
Marty Bent's avatar Marty Bent
The monthly gold chart going back to 1970 is insane. image
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umni 3 months ago
Gold does not hold it's value. It declines at the production rate.
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umni 3 months ago
Just in case someone may not know, small mining stocks are pump dump scams similar to familiar shitcoins. So if you're feeling the fomo, do not buy small mining stocks to play catch up.
Bobby's avatar
Bobby 3 months ago
Zap it likes it hot…
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umni 3 months ago
Exactly, if the production cost was more then the value produced then no one would mine. The spread between production cost and the price represents the inflation rate in gold.
Judge Hardcase's avatar
Judge Hardcase 3 months ago
After having its price suppressed by U.S, law starting in 1792 up until 1971, the reality is that gold is still WAY undervalued in dollar terms.
A Bitcoin Guy's avatar
A Bitcoin Guy 3 months ago
lol thank you for providing relief from the ‘pain’ Anon
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Sam 3 months ago
Offset by economic growth. Very broadly speaking they cancel each other out.
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Sam 3 months ago
The inflation rate is the increase in the gold supply. The limited, and risk of the, profitability of mining slows down the inflation rate as insufficient incentive to mine harder.
margurite's avatar
margurite 3 months ago
So true. And they’ll pump GDXJ too
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Sam 3 months ago
It’s important to watch because it shows not just the ongoing monetary debasement or move to safe haven, but the unwind of past suppression. It’s already impressive but could get out of control very quickly.
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Sam 3 months ago
Some of them, probably
Moe's avatar Moe
“There is an infinite amount of cash at the Federal Reserve,” said Neel Kashkari, President of the Minneapolis Fed, on 60 Minutes (March 22, 2020). A clear reminder of how fiat works - and why #Bitcoin exists. The song is “Somebody To Love” by Basstrologe
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vinisten's avatar
vinisten 3 months ago
Why no normies curious why Gold acting like it's WW3? Hope people are taking physical delivery. Don't fade state power when the currency starts to coughing up blood.
SatCat Diaries's avatar
SatCat Diaries 3 months ago
I fixed it for you: The monthly USD chart going back to 1970 is insane. image
we tested zaps on this note… we made six attempts to⚡zap this note, at bc@sats.pw, over a period of 12 minutes. six of the zaps were successfully paid... please check for 6 satoshis received. however, we did find that only three of the payments produced zap receipts in time for our server to recognize them. this is a problem because the user who zapped you would not see an active ⚡icon after zapping. they might think the zap failed, and therefore might not zap you again.... also.... your average zap time was 10725ms (10.7 seconds). we consider this zap time slow... if possible, zaps should be confirmed in under two seconds. (if time is too slow, other nostr users might think your zaps are broken, might not zap you again.) if you wanted to fix this... you could try getting a free rizful lightning address -- ... if u get it set up, pls reply here so we can do this ⚡zap test again.