Gold Price; I Would Have Expected....
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FreeBirdTim
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Michael Saylor has duped everyone into buying bitcoin instead. Total scam, in my opinion.
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Gee he missed me, then again I only believe in real currency and precious metals. At least at a real vault if one forgets a password there's a list of security questions.
Then a reset.
Bitcoin, if one forgets, they get nada 🙄
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Could also be at that time of the month when the paper options came due.
Drive the price down to mellow the hits.
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I saw a story on just that, the guy couldn't remember his password and he lost millions.
UnderMiner
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In 1,000 years what do you think people will prefer, bitcoin or gold? My theory is bitcoin, or it's future equivalent, will be used by the people living in the digital Matrix world while gold will be used by the wealthy minority who own the Matrix servers and live in the real world.
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One year ago the forecast was gold topping out at $6200 an ounce. The same forecaster stated silver would top out at $120 per ounce. I think metals will always hold value over invisible "coins." No electricity, no coins. No communication, no coins, etc.
FreeBirdTim
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Bitcoin will be gone in less than five years. The Ponzi scheme will end when they run out of suckers to pay thousands for some imaginary fiat.
I'm a maybe as well.
Be very careful during a panic who you offer as payment or allow to see you have gold. The police may not be the first to relieve you of it. let alone provide/make change.
It's time to duck and hold and consider how to stay alive in the middle East rather than be buying at the moment. If you have much gold you now have to protect /secure it while keeping it portable as well.
Food and babies still need secured and protected and perhaps rapidly transported. For the fortunately prepared a temporary shelter as well. A tent. Even just some tarps. water jugs. Expect transported to mean carried on foot until proven otherwise.
And the middle East does affect gold flow and price.
Gold can be a cultural thing.
As an example there is an African nation in which if you would be married it requires considerable gold in gifts to your bride. That proves A. she is valued of course; but also B. you can provide for her well. (Part of why guys I worked with from there were not all married. Who could afford gold?)
Now might not be a good time for courtship of potential in-laws and drawn out traditions.
A temporary slump in sales is no surprise in unstable conditions.
Be very careful during a panic who you offer as payment or allow to see you have gold. The police may not be the first to relieve you of it. let alone provide/make change.
It's time to duck and hold and consider how to stay alive in the middle East rather than be buying at the moment. If you have much gold you now have to protect /secure it while keeping it portable as well.
Food and babies still need secured and protected and perhaps rapidly transported. For the fortunately prepared a temporary shelter as well. A tent. Even just some tarps. water jugs. Expect transported to mean carried on foot until proven otherwise.
And the middle East does affect gold flow and price.
Gold can be a cultural thing.
As an example there is an African nation in which if you would be married it requires considerable gold in gifts to your bride. That proves A. she is valued of course; but also B. you can provide for her well. (Part of why guys I worked with from there were not all married. Who could afford gold?)
Now might not be a good time for courtship of potential in-laws and drawn out traditions.
A temporary slump in sales is no surprise in unstable conditions.
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No electricity is no communication = no Bitcoin.
With precious metals one will always have something.
Place burns to ashes everything is gone, except for the PMs. Melted to a glob of something, and that's better than a nothing.
Intrinsic tangible value in hand.
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The fly in the ointment with the “bitcoin will be worthless” theory is the fact that banks currently work off a similar technology. Credits and debits run the world. Banks are even charging certain businesses for handling their cash deposits. Insane. I know.
Digital currency, in some form, is here to stay.
Hell. There are many businesses in my area that don’t even accept cash these days.
Digital currency, in some form, is here to stay.
Hell. There are many businesses in my area that don’t even accept cash these days.
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I sometimes ask people/businesses "Do you accept Bitcoin?" No one, ever, has said 'yes.' I find Bitcoin to be worthless as an actual monetary vehicle, it's just a bunch of people mass-speculating that they have something valuable when they really don't. When the shat hits the fan, I expect it will completely evaporate.
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It might be new to many in the USA but cash was a issue 25-30 yrs ago for us up here in Canada.
I had a small nonferrous scrap yard and dealt with 2 banks.
The main business bank one day said we have to charge you for taking out cash.
I said really how much? They said some ridiculous amount like 0.5% to take my money out of their bank.
I calculated that this would cost me $20+K a year-goodbye.
The other bank charge a flat rate of $250 a month to take out the cash. Approx. $80K per week.
Coins were frowned on 30 yrs ago, banks would charge to take change out even.
(Coin roller's in the States the years are numbered)
Banks in the rural towns are closing, forcing folks to do everything online. If there is any banking to do in person we need to drive 30 miles to downtown Kingston Ontario.
I went to buy some propane cutting torches this past fall. They ordered them in, I went to pay cash...
OH NO! We don't touch cash ever since COVID!
I Johnney Paycheck'd those torches and walked out.
They lost a $800 sale.
If any business doesn't accept the cash we don't give them any business either.
If they fail-good bye.
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Are they cracking down on you guys with cash?
Ten yrs ago after I had worked at place for a number of yrs and saved up money, cash for another car, we decided to buy one. My current one had become a money pit.
When I went to buy it I was taken aside in a room where I had to sign forms declaring where and how I had got the money from. Not their forms but ones they have to submit when a transaction is above $10,000 for the govt. I think its got even stricter now. Some banks are even asking the customers when they withdraw for a reason they want the money which they record. Your money and you have to tell them why you want it. I heard a radio show where they were talking about it and one guy rang in and said his best excuse which left the teller speechless was "my girlfriend is psychotic and on crack, if I don't buy her any who knows what she'll do!"
There were some hilarious stories from others.
Actually there are a lot of businesses that now take crypto.
Major companies accepting Bitcoin (BTC) directly or via processors like BitPay and Flexa include AMC Theatres, Microsoft, Newegg, Home Depot, Whole Foods, and AT&T. Luxury brands (Gucci, Balenciaga), travel services (Expedia), and thousands of independent merchants via Shopify also accept Bitcoin.
Major companies accepting Bitcoin (BTC) directly or via processors like BitPay and Flexa include AMC Theatres, Microsoft, Newegg, Home Depot, Whole Foods, and AT&T. Luxury brands (Gucci, Balenciaga), travel services (Expedia), and thousands of independent merchants via Shopify also accept Bitcoin.
25 Stores That Let You Make Direct Crypto Purchases
- The Home Depot
- Whole Foods
- Chipotle
- Ace Jewelers
- AMC
- AltusHost
- Avnet
- BitPay Travel
- Chess.com
- Cornerstone Title
- CRM Jewelers
- CyberGhost VPN
- Dallas Mavericks
- ExpressVPN
- HackerOne
- IFLW
- JetFinder
- JM Bullion
- Jomashop
- Lanieri
- Marc Gebauer
- McCarthy Uniforms
- Menufy
- Monarch Air
- Newegg
25 Stores That Let You Make Indirect Crypto Purchases
Indirect purchases involve using cryptocurrencies to buy a gift card. You can then use the gift card that you bought with Bitcoin to buy products or services at retailers that accept indirect crypto purchases. Here’s the list:- Adidas
- 1800 Flowers
- Ikea
- Nike
- Apple
- Airbnb
- Autozone
- Barnes & Noble
- Bath & Body Works
- Best Buy
- Burger King
- Buffalo Wild Wings
- Chainalysis
- Darden
- Delta
- Domino’s
- Doordash
- Fanatics
- Gap
- Gamestop
- Google Play
- Grubhub
- Guitar Center
- H&M
- Hotels.com
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It's called FINTRAC here. All the banks and 38,000 businesses will 🐀 a person out to the agency for cash transactions over $10,000.
The banks can do it for even $500.00
Financial Transactions and Reports Analysis Centre of Canada https://share.google/nNdM2MtXvgiaipsn0
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Yeah there's several online shops I buy stuff from that accept crypto. That little note near the end of making the purchase "we also accept crypto" is popping up quite regularly these days.
Rumor had it that multiple amounts (two 5000 for example) add up to
"stacking". Same suspicion as 10,000 .
Long ago a bank teller told me I had to fill out a statement/affidavit stating I wasn't laundering money when I said to withdraw 6000.
My reply was that the bank had a record of every deposit and it's legitimate non cash source.
I'm not a criminal. Close my account and give me all of it then.
I don't believe I signed the form the teller wanted signed. But I did close the account that visit.
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