What is money? This is what a bank director (Argentarius) tried to explain to his son in twelve letters “On Money” in 1921. One of the most brilliant and comprehensive books. A short thread Shout out to @MichaelAntonF for the book recommendation. Money is the embodiment of a claim to Read more…
Thousands of years before 1920s Weimar Germany hyperinflation, there was the great currency debasement of the Roman Empire. 2/ At the turn of the 2nd Century AD, the Roman Empire controlled all of Western Europe, parts of North Africa and the Middle East. Some estimate up to 65-100 million people Read more…
This tweet shows a very promising outcome for bitcoin. In simple terms, how big can bitcoin possibly get? Well, in today’s dollar terms, basically 10 million USD per coin, meaning it will engulf everything. Maybe it’s time to get your hands on some bitcoin in case it catches on.
Peter Schiff claims that gold is the best hedge against inflation. But the numbers tell a different story. Now granted, the market cap is a flawed metric, but it really does say something in this scenario. Here’s a great tweet: „#Gold is the best hedge against inflation.“ – @PeterSchiff QE Read more…
Trader University explains in this video how the current fiat overindulgence can send both physical and digital stores of value to the moon, as we say on twitter. Here’s how to buy bitcoin. And here’s how to buy gold.
From Anilsaidso: Opportunity Cost: Every financial decision is a trade-off with your future self. #Bitcoin makes this abundantly clear on long timescales. Investments are choices and choices are trade-offs. “Doing one thing means not being able to do another. We live in a world of trade-offs, and the concept of Read more…
In simple terms, today, 15 August 2021, is the 50th anniversary of the fiat standard. A standard that took us out of gold and into paper derivatives, government spending, money printing and massive inflation. Read it all here https://wtfhappenedin1971.com/ “By far the most startling part of the President’s new economic Read more…
Gold’s *10yr* ROI just went negative. I almost feel bad posting the scoreboard, but here it is: (via: https://casebitcoin.com/charts ) If you’re still a gold bug, then this is a dip and a buying opportunity. You can get bullion gold here. If you prefer bitcoin as a store of value, Read more…
They say gold is a better store of value than Bitcoin… Don’t trust, Verify. Michael Saylor posted this about bitcoin and gold: For the year the return on Bitcoin is 277% and the return on Gold is -13.6%. Over the last decade the annual return on Bitcoin is 132% and Read more…
What happened was that the fiat currency got disconnected from gold. We got off the gold standard, and that was the beginning of the downfall. Greed, quantative easing, loans upon loans upon loans, bankrupt countries, war expansion to keep the dollar standard running while gobbling up resources and economies, the Read more…