Post by
nozzpack on Nov 14, 2024 4:17am
Bitcoin taking investment funds from Gold
Bitcoin is up 40% over the past two weeks , based on Trumps statement of buying Bitcoin as reserves.
In doing so, it has taken some investment funds away from Gold.
However, nothing has changed with the US debt or its economy.
Recently it has become known that Bidins economic statistics were fakes and that the US economy has been in recession for much of 2024.
If you examine the reports of objective analysts who rate US banks you will find the consistent view that US banks fiscal status is 8 times worse than in 2008.
That is a dire statement.
That's why stealth QE has been ongoing for quite a while, as the Fed continues to bail them out.
In short, this current decline in POG is not related to fundamentals..
Comment by
NineLives on Nov 14, 2024 9:05am
Noticed quite a few political barbs creeping into stockhouse posts. Suggestion, keep them for your tea parties or the boards will just degenerate into slanging matches. Anyone's personal political views has no actual bearing on the underlying stocks they are discussing. Lets stick with Gold and MAE. Thank you.
Comment by
nozzpack on Nov 14, 2024 2:44pm
Whose posting such views ?
Comment by
NineLives on Nov 14, 2024 3:17pm
You have much more intelligence than to ask that question ! I won't post them all here because political sniping is a complete waste of every investors time. Move on please.
Comment by
colt45acp on Nov 14, 2024 10:03am
Here we go Trumps fault , takeing away some investment funds from gold. COME ON MAN. Really Nozz. glta