Yes in Turkey everything is soooo great. Inflation 85.51%, a president of the economy and Co. has no idea... who is surprised that the population is looking there for highly speculative bets... and just because there is a sign "gold" dismantled, that says nothing about the "use value" of gold...let's look here in the latest figures: Various national banks have been buying massive amounts of gold the past few months. Around 700 tons in total. One of the bigger buyers was the Turkish National Bank...as recently as February, households owned about 5,000 tons of gold. When you couldn't catch inflation with interest rates at 14%, what did you do? The Minister of Finance announced that he wanted to collect about 10-15% of it. Flux, a program was created to encourage people to exchange their gold for Turkish Lira... even a gold ban was talked about for a short time, but could not be enforced. What followed, you can see in your little picture. Gold machines sell just no more uncertain business, but change simply on the next speculative instrument, aussserhalb of the Turkish Lira. It will last a time until the goat Peter of the Bosporus thinks about the next possibility about a ban... then we will laugh vll. about the next sign, where also BTC is only dimly recognizable and food vouchers can be drawn at the machine. Before one interprets and celebrates anything, one should always question the circumstances. Good morning wished! Oh btw... what makes actually currently the sacred country El Salvador?
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•@InvestmentPapa Good morning ☀️😃 Well, gold was a great idea 💡 until it just wasn't a great idea anymore ... even if it has been the best alternative for 5,000 years, now it's just time to make room and represent jewelry ...
Similar to the ships of the Dutch colonies - they were made of wood - these ships served their purpose and did so for a very long time, until technological progress gave rise to "metals" and in 1882 the first ship made of metal was launched - wood has now become obsolete for shipbuilding ...
Bitcoin does the job of gold not only 1,000x better - it even works in everyday use ... especially now with the Lightning ⚡️, the options are applied better & better targeted ... Bitcoin I can't counterfeit, gold I have to check when I receive it ... Gold has min. 2% inflation, problem - we don't know for sure - we don't know anything about the supply, what's there, where it is, what's yet to come, what may be of it floating around in space ... we only think we know ... but knowing is POWER!
Gold is victim of technological progress - when the ounce rises to 4,000$, people search more & of course find more - better machines, better equipment etc ... which then leads to inflation rising ... Bitcoin can search the whole world, every 10 minutes 6.25 BTC - that's it ... Difficulty adjustment and Let's mine 💥 With Bitcoin, the digital gold mine we know every 10 minutes where what is - how much there is - and what is still to come when ...
Bitcoin is an absolute GameChanger in all areas what property should describe ... Gold will abdicate as a Store of Value, especially with the generation that is approaching - they exchange that at the end for NFTs 😅 ... *spass ... but what do the mobile addicts want with a piece of yellow metal ... is for the generation absolute nonsense ....
I'm not saying that GOLD is bad, but if the world accepts BTC as a Store Of Value, there are no two winners here, the old die away, the young want SATS ... and no one pays you a premium for the #2 ... am finget I wear it anyway 💍 ... My opinion ...
Similar to the ships of the Dutch colonies - they were made of wood - these ships served their purpose and did so for a very long time, until technological progress gave rise to "metals" and in 1882 the first ship made of metal was launched - wood has now become obsolete for shipbuilding ...
Bitcoin does the job of gold not only 1,000x better - it even works in everyday use ... especially now with the Lightning ⚡️, the options are applied better & better targeted ... Bitcoin I can't counterfeit, gold I have to check when I receive it ... Gold has min. 2% inflation, problem - we don't know for sure - we don't know anything about the supply, what's there, where it is, what's yet to come, what may be of it floating around in space ... we only think we know ... but knowing is POWER!
Gold is victim of technological progress - when the ounce rises to 4,000$, people search more & of course find more - better machines, better equipment etc ... which then leads to inflation rising ... Bitcoin can search the whole world, every 10 minutes 6.25 BTC - that's it ... Difficulty adjustment and Let's mine 💥 With Bitcoin, the digital gold mine we know every 10 minutes where what is - how much there is - and what is still to come when ...
Bitcoin is an absolute GameChanger in all areas what property should describe ... Gold will abdicate as a Store of Value, especially with the generation that is approaching - they exchange that at the end for NFTs 😅 ... *spass ... but what do the mobile addicts want with a piece of yellow metal ... is for the generation absolute nonsense ....
I'm not saying that GOLD is bad, but if the world accepts BTC as a Store Of Value, there are no two winners here, the old die away, the young want SATS ... and no one pays you a premium for the #2 ... am finget I wear it anyway 💍 ... My opinion ...
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@ActionChris ECB and FED say no.
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•@PatBateman in Fiat definitely not ... but GOLD / SATS it will fall extremely ...
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@Daniele5991 We don't care 😀
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@ActionChris I think to myself, but they have to decide that and not you/us 😂 ...
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@Daniele5991 if you give me gold for SATS - the FED can look stupid, that's it ... about CBDC is of course something else ...
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•@ActionChris the thing is, without legal system that stands behind it no means of payment point
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@Daniele5991 we decide what SATS are worth ... if you give me 10g GOLD for 25,000 SATS - that is your own decision ... and the faith & trust in the currency is there then the people their thing ... Please assume the scenario that you can no longer buy BTC on exchanges - because everything is gone ... The blockrewards go later no longer in the mainstream- that was then times ...
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