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The day MicroStrategy first bought BTC was the last day gold was above $2000/oz
- vmception 5y agowhat are gold bugs saying right now? the general sentiment as well as the influencers in the space are they saying that the market will correct and gold price will infact keep up with expanded supply of fiat? if so, do they give any time horizon for that? are they rationalizing that it was already priced into the gold price? or has the sentiment gone in favor of it just being a hard asset that they will purchase at any price just to get out of fiat, and dropping the inflation hedge part
- tedunangst 5y agoGold bugs are saying what gold bugs have always said. Hyperinflation is coming, you need to buy gold now before it's too late. Pay no attention to current or past prices which are clearly the result of manipulation, the last gasps of a dying system before its collapse. Just keep buying more gold, preferably using this affiliate link.
- vmception 5y agowith a 20% spread from spot prices
- tastyfreeze 5y agoPremiums over spot are between 2% and 5%. Nowhere close to 20%
- snypher 5y agoWhy does MicroStrategy think they are a 'market maker's just by buying bitcoin 8 months ago? Correlation isn't causation, and I won't accept anything about their bitcoin purchase affecting either the gold or bitcoin price without much more information. Edit: also the bizzare implication that gold won't see $2k again. We're around $1750 right now.