Last opportunity to buy cheap gold
Posted:
Fri Nov 15, 2024 1:57 pmby shinnosuke
If you've been on Realcent for very long, you've read multiple posts about how if gold were priced for inflation it would be $10k or $100k or whatever.
Sen. Lummis (WY) has introduced a bill -- Strategic Bitcoin Reserve -- that proposes the US buying 1 million Bitcoin to strengthen America's financial standing, which could also be used to reduce the national debt.
Part of the funds to purchase those 200k BTC/year would come from the sale of US gold. Supply vs. Demand gonna apply here or nah? If a bunch of gold came on the market would the price fall?
If you want to buy some more gold, your opportunity may be coming. The Senate, House and Presidency are all Republican after Jan. 20, 2025, and BTC has a tailwind among them right now.
Cheap(er) gold up for sale, if you have any cash left over after buying your monthly BTC allotment.
Re: Last opportunity to buy cheap gold
Posted:
Fri Nov 15, 2024 7:38 pmby shinnosuke
Of course, Peter Schiff probably had a massive coronary when he heard the news.
Re: Last opportunity to buy cheap gold
Posted:
Fri Nov 15, 2024 9:43 pmby shinnosuke
Cynthia Lummis
@CynthiaMLummis
"I do not like profanity…but LFG." (That's her line, not mine.)
- National BTC Reserve.png (310.21 KiB) Viewed 380 times
Re: Last opportunity to buy cheap gold
Posted:
Fri Nov 15, 2024 9:45 pmby tdtwedt
She is just 1 out of 100 Senators. She will not make this decision.
She is like Bernie Sanders.
Re: Last opportunity to buy cheap gold
Posted:
Sat Nov 16, 2024 7:36 amby thecrazyone
I will continue to buy gold when I can, as I'm sure my descendants will badly need it.
I will have to have some clause in my will that they can't have mine until they are like 30, though, otherwise it will be used for xbox games or something
Re: Last opportunity to buy cheap gold
Posted:
Sat Nov 16, 2024 8:11 amby Lemon Thrower
shinnosuke wrote:If you want to buy some more gold, your opportunity may be coming. The Senate, House and Presidency are all Republican after Jan. 20, 2025, and BTC has a tailwind among them right now.
Just don't buy any tungsten nickels!!
Re: Last opportunity to buy cheap gold
Posted:
Sat Nov 16, 2024 10:18 amby TXSTARFIRE
Does the US have any gold to sell? When was the last audit? Or are we talking about paper gold here.
Re: Last opportunity to buy cheap gold
Posted:
Sat Nov 16, 2024 11:03 amby shinnosuke
TXSTARFIRE wrote:Does the US have any gold to sell? When was the last audit? Or are we talking about paper gold here.
Those are fair questions. As Ron Paul has long stated, Audit the Fed. End the Fed.
Re: Last opportunity to buy cheap gold
Posted:
Sun Nov 17, 2024 10:52 amby pmbug
The last opportunity to buy cheap gold will be when there is no more physical available. That probably (hopefully) won't occur in my lifetime or my kids' lifetimes.
Re: Last opportunity to buy cheap gold
Posted:
Sun Nov 17, 2024 6:38 pmby shinnosuke
pmbug wrote:The last opportunity to buy cheap gold will be when there is no more physical available. That probably (hopefully) won't occur in my lifetime or my kids' lifetimes.
No worries, mate. There are asteroids out there waiting to be exploited.
Re: Last opportunity to buy cheap gold
Posted:
Sun Nov 17, 2024 9:06 pmby thecrazyone
TXSTARFIRE wrote:Does the US have any gold to sell? When was the last audit? Or are we talking about paper gold here.
It would be really sad to learn that the only gold left in the U.S. is that held by private citizens.