Replies (55)

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.
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umni 7 months ago
Gold does not hold it's value. It declines at the production rate.
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umni 7 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.
umni's avatar
umni 7 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.
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.
Yikes there is definitely something afoot up top in the fiat world 🧐
This is one my all time favorite meme/gifs. 😂 It’s hilarious, but also has so much depth and meaning. Bitcoin enables the freedom to dance and view these times with hope and joy. @npub1k9wh...m999
Will every formerly unproductive gold mine now be put back into operation?
Offset by economic growth. Very broadly speaking they cancel each other out.
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.
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.
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.
I fixed it for you: The monthly USD chart going back to 1970 is insane. image
looks eerily similar to the bitcoin chart going back to early 2010's
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