[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', '
')Damn, you sound like Kamala spewing ridiculous word salads that mean nothing.

[careinke]

Quick update, My SOL limit buy order closed at $165.88 in Ponzi FIAT dollars.

PEACE

[AdamB]

$this->bbcode_second_pass_quote('careinke', 'Q')uick update, My SOL limit buy order closed at $165.88 in Ponzi FIAT dollars.

PEACE

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'Q')uick update, My SOL limit buy order closed at $165.88 in Ponzi FIAT dollars.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', 'Q')uick update, My SOL limit buy order closed at $165.88 in Ponzi FIAT dollars.

[AdamB]

$this->bbcode_second_pass_quote('careinke', 'D')o you have any purpose on earth, say higher than a slime mold? Curious minds want to know.
Peace

[careinke]

[theluckycountry]

Buy on the rumor
sell on the news

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'B')uy on the rumor
sell on the news

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('theluckycountry', 'B')uy on the rumor
sell on the news

[theluckycountry]

As for bitcoin gains, lovely start, but can it complete? Have a look at the chart of it inke, I know you guys love to try and pull significance out of the history of it's boom tops.

You have three confirmed tops followed by crashes since inception, correct?

December 4/ 2013 top of $1121
December 16/ 2017 @ $19,665
November 9/ 2021 @ $67,600

And today's date is
November 7/ 2024 price, $75,900. Ominous isn't it...

My money is invested for the long haul, for the future, for the world of peakoil once we shake off this 20th century hangover. Everyone out there, at least in the Western camp, is conducting business like it was 1989. They have a total disregard to the simple fact that everything they do is based on cheap OIL.

Unfortunately the West is losing it's access to the cheap oil and every thing it has built (the financial constructs) will come crashing down, obviously. We all knew this 20 years ago and it's been happening in slow motion all around us. Tell me inke, what has been the combined inflation (real inflation) over the last 3 years? Food, building materials, car batteries, electricity prices, all that stuff we need to live a comfortable life? I would guess that over 3 years we have seen a 30~40% increase in prices for all that, and that is what BTC needs to match just to keep up.

($67,000 + 30% = $87,000) That's your break even target from the last top.

Three years ago Gold was US$1800, today it's US$2660, a gain of 32% So Gold has kept up! Done even better in Aussie dollars. And those are consolidated Tier one asset gains too inke not casino gains.

[theluckycountry]

I bet you didn't know this inke.

$this->bbcode_second_pass_quote('', 'W')ith the new Basel III Bank Accords, gold is taking center stage again as an important asset for financial institutions. The most significant change is that Basel III regulations treat gold held in vaults as a zero-risk asset, a status previously reserved for cash. This change elevates gold’s importance in ensuring the stability and liquidity of banks.

The Basel III Accords, implemented across various regions since 2020, bring tighter capital requirements. These rules mean banks must hold more high-quality assets like gold to safeguard against financial crises. This regulatory shift is expected to influence gold demand significantly, driving prices up and reaffirming gold’s role as a secure, stable investment.

With these changes, banks are now required to make operational adjustments to comply with the new standards. Keeping gold in their own vaults or on a strictly allocated basis is crucial for these institutions. This shift can potentially reshape the gold market dynamics, benefiting both banks and investors who view gold as a reliable store of value.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', '')$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('theluckycountry', 'B')uy on the rumor
sell on the news

[theluckycountry]

thank you inke, that's a more realistic appraisal of the situation.
Gold is often said to be a fear asset, and for many it is. For many others, whose eyes are not on quarterly stock market reports, it means something else.

In the GFC when everything was crashing Gold went down and well. This was triggered by hedge funds and whoever else had gotten into trouble selling whatever liquid assets they had on the books to meet their margin calls. Gold is very liquid so it went out the door fast. Of course this was "paper gold" Gold futures and contracts, not physical. Central banks and the billions in India, China and the rest of Asia don't put their money into paper gold, that's a purely Western phenomena.

[theluckycountry]

A different type of ‘high’
According to an analysis of IntoTheBlock, BTC’s leverage ratio climbed to a 2-year high recently.

What is leverage ratio, or leverage in this case particularly?
$this->bbcode_second_pass_quote('', '
')When we say that BTC’s leverage is at 2 year high, it means that more traders are using borrowed funds to trade BTC than they have over the past 2 years. This ratio compares the amount of Open Interest to the crypto’s market cap.

A higher leverage ratio is consequential because it indicates that investors are increasingly confident in their bets on Bitcoin’s price movement. This usually leads to volatility, when leverage is high.

[careinke]

$this->bbcode_second_pass_quote('theluckycountry', 'A')s for bitcoin gains, lovely start, but can it complete? Have a look at the chart of it inke, I know you guys love to try and pull significance out of the history of it's boom tops.

You have three confirmed tops followed by crashes since inception, correct?

December 4/ 2013 top of $1121
December 16/ 2017 @ $19,665
November 9/ 2021 @ $67,600

And today's date is
November 7/ 2024 price, $75,900. Ominous isn't it...

My money is invested for the long haul, for the future, for the world of peakoil once we shake off this 20th century hangover. Everyone out there, at least in the Western camp, is conducting business like it was 1989. They have a total disregard to the simple fact that everything they do is based on cheap OIL.

Unfortunately the West is losing it's access to the cheap oil and every thing it has built (the financial constructs) will come crashing down, obviously. We all knew this 20 years ago and it's been happening in slow motion all around us. Tell me inke, what has been the combined inflation (real inflation) over the last 3 years? Food, building materials, car batteries, electricity prices, all that stuff we need to live a comfortable life? I would guess that over 3 years we have seen a 30~40% increase in prices for all that, and that is what BTC needs to match just to keep up.

($67,000 + 30% = $87,000) That's your break-even target from the last top.

Three years ago Gold was US$1800, today it's US$2660, a gain of 32% So Gold has kept up! Done even better in Aussie dollars. And those are consolidated Tier one asset gains too inke not casino gains.

[careinke]

BTC flipped silver in total market cap (for a short time) last week. Here is a list my AI put together:

Sure, here's the table formatted for easy copying and posting:

| Rank | Asset/Company | Market Cap (in Trillions) | Country |
|------|----------------------|---------------------------|---------------|
| 1 | Gold | $17.563 | Global |
| 2 | NVIDIA | $3.637 | USA |
| 3 | Apple | $3.389 | USA |
| 4 | Microsoft | $3.145 | USA |
| 5 | Alphabet (Google) | $2.233 | USA |
| 6 | Amazon | $2.196 | USA |
| 7 | Saudi Aramco | $1.807 | Saudi Arabia |
| 8 | Silver | $1.749 | Global |
| 9 | Bitcoin | $1.738 | Global |
| 10 | Meta Platforms | $1.472 | USA |

Feel free to copy and paste this table into your forum post on peakoil.com. If you need any more information or assistance, just let me know!

My AI sucks at formatting for peakoil.com, I think I need to train it some more.

NVIDIA produces fast, high-end chipsets for Crypto use, AI use graphics etc. So, in a sense they are part of the fourth turning.

Finally, this guy has the best podcast on Disruptive Technologies that I know of. I'm a Patreon member and it is worth every penny. He does a daily show on You Tube for free. Most other crypto podcasters use his charts for their work.

https://www.youtube.com/results?search_query=investment+answers


Peace

PEACE

Peace

[AdamB]

$this->bbcode_second_pass_quote('careinke', '
')It would be financial suicide for the US to go after the stable coin companies as they hold over 20% of all US government bonds. If the companies liquidated their bonds, it would lower the yield so much, nobody would buy them, including the Federal Reserve. So, I'm thinking the US Government under the new common-sense leadership will not go after Stable Coins.
Peace

[theluckycountry]

$this->bbcode_second_pass_quote('careinke', 'W')ell, BTC today is $91,500 US Ponzi dollars, so much for the inflation adjusted high of $87,000.

[careinke]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('careinke', '
')It would be financial suicide for the US to go after the stable coin companies as they hold over 20% of all US government bonds. If the companies liquidated their bonds, it would lower the yield so much, nobody would buy them, including the Federal Reserve. So, I'm thinking the US Government under the new common-sense leadership will not go after Stable Coins.
Peace