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re: Interest on the debt is 60% of the Amount taken in by the Treasury in February

Posted on 5/10/24 at 11:44 am to
Posted by RiverCityTider
Jacksonville, Florida
Member since Oct 2008
4613 posts
Posted on 5/10/24 at 11:44 am to
It may well be that crypto and Gold both do well. The logical bet is wealth flows out of the dollar and into crypto and commodities. I'm just sort of worried about crypto buyers having a small, even tiny little worry about a collapse. That small little fear could become huge with a couple of big down days.

We have 3000 years of Gold's behavior to study.

The other thing is, it seems to me Gold has been sort of held down by central banks


This post was edited on 5/10/24 at 1:20 pm
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3182 posts
Posted on 5/10/24 at 1:13 pm to
quote:

It may well be that crypto and Gold both do well. The logical bet is wealth flows out of the dollar and into crypto and commodities. I'm just sort of worried about crypto buyers having a small, even tiny little worry about a collapse. That small little fear could become huge with a couple of big down days.

We have 3000 years of Gold's behavior to study.


Exactly.
Posted by Purple Spoon
Hoth
Member since Feb 2005
18018 posts
Posted on 5/10/24 at 1:18 pm to
Explain to me like I’m 5,

Why do the people who have all the money not seem to care? We are talking about generational wealth being wiped out for whole lot of people. Why are the people who are at the most risk seeming care free?
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