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I am guessing that Musk will create a Muskcoin, and offer to 'sell' it for a preferable rate to the US government. Coincidentally, the Muskcoin uses the X Everything platform for all transactions.
With each day that passes, I am becoming more convinced that shifting 99% of my money into Euros is the right call.
How much money do you have? At the current state of affairs the best possible investment is to buy pallets of ammo and crates full of AR lowers.
Many times more than $500, but far below $100,000. In any case, I am thinking that if WW3 starts up, I can buy war bonds from the places that oppose Dogey America. Probably fiscally safer and more effective than buying ammo as an individual, since states can do better bulk purchases and negotiations with that money. Hopefully my neck of the woods would disobey Trump orders to outlaw the purchase of foreign war bonds.
I am not even talking about a war scenario. The college near me has guest finance speakers and once in 2006 they described how a few investors were renting warehouse space and buying bullets as a hedge and ar lowers as a speculatory investment with little downside. I am assuming they must have made a killing I'm profits.
You need a sizeable amount of investment money to do it at a scale where storage costs don't eat into your profits though.
I know an old hardware store, the kind that is about half the size of a Home Depot. That building and the lot around it has been empty for nearly a decade by now. Aside from likely being dilapidated from not having humans, it should be a pretty good building for stowing gear. Hopefully, my Euros when converted into dollars will be able to buy cheap real estate for a good cause.
touches nose Why risk your money on gold or silver when you can invest in brass? Pretty good odds on another spicy summer in America.
So Trump wanted to get the gold from fort Knox so he could hand it over to Chinese hackers?
North Korea is more famous for that
BWAHAHAHAHAHA Genius. Step 1: Buy Shitcoin with actual gold (the most stable wealth storage)
Step 2: Bitcoin price rises
Step 3: Sell all your bitcoin, rugpull the entire thing
Result: You have now robbed Fort Knox. Legally.
So they want to trade something that is almost always worth a lot for something that is sometimes worth a theoretical shitload or less than a loaf of bread, depending on the day?
Brilliant, very good. Nothing stupid will come of this I'm sure. /s
Just when you think the clown car is full, that there is no way they will get another clown in there, clown world manages to cram another in.
Again.
Step 1 - Break numerous laws to sell gold.
Step 2 - Sell gold to fellow cronies for cheap.
Step 3 - Use gold money to buy bitcoin to drive the price up.
Step 4 - Sell bitcoin when price is high.
Step 6 - Bitcoin crashes.
Step 7 - Profit for Trumpy and his cronies
Ah shoot I made the same comment without realizing that was already done. I'm glad there's more people immediately understanding the robbery in progress here.
budget neutral
What the actual fuck. If you trade gold for bitcoin, you no longer have the gold. Budget neutral my ass.
But imagine you sell the gold but you keep it. Bam budget neutral.
I know this is old news, but how good would it be if they pissed a whole bunch of gold away on BitCoin and everyone dumped, tanking the price, and losing the US trillions of dollars.
I mean good from a theoretical way, it would be absolutely devastating for the state of the world.
they're going to buy bitcoin from russia, probably.
The North Koreans have quite a bit too.
Maybe Lil Kim is fencing it off like a crackhead with a bag full of loose PS4 games in Cash Converters.
The correct thing to do is ban all the digital coins.
All they used for is tax avoidance. While raising electric bills
Decent digital currency wouldnt use much electricity and would stop hyperinflation occuring in countries experiencing extreme issues. Being that taxes are standardly on income and sales, where is it you are saying they are dodging taxes? (Bitcoin isn't a good digital currency, but neither should a decent one be run by the country)
Which one is decent?
They all are based on ideas that it takes a lot of resources to produce it
Ethereum is probably the most well-known of the ‘proof-of-stake’ cryptocurrencies, which don’t require massive resources in order to generate/validate transactions. It made the switch back in 2022 I think?
You can be sure this is about enriching himself and his broligarchs.
Sure, why not. I could use a laugh, and the memes when this fails too are going to be juicy.
The US has a bitcoin reserve? First I've heard of it. Whatever, but using gold to buy it makes no sense.
They don't. It's being floated. Trump said he's going to create a reserve. Not an official act yet.
They already have some digital currency that was acquired mostly by civil forfeiture.
Let's just send the gold to North Korea and skip the middleman. /s
This needs to be a second amendment issue now!
Sounds like a good way to lose money.
White house says scammers gonna scam
Assume this is out to deflect from the War room signal story.
No. Old news, this is.