4 ms·
Lazy reporting. I don't know what "gains on gold reserves" means.
by jazzyjackson 2y ago
Lazy reporting. I don't know what "gains on gold reserves" means.
- 7e 2y agoIt's pretty obvious that it means gold has appreciated. In fact, it's up 37% this year. There is laziness here, but it's not the reporter's.
- ecocentrik 2y agoIt's Yahoo Finance. Lazy reporting is expected. It seems like the White House is planning on selling US gold holding above a specific dollar value. Since the price of gold in dollars is rising, mostly because the price of the dollar is falling, then they're probably planning on emptying a significant portion of the US gold reserve to allow every major Bitcoin holder to clear their positions.
- OutOfHere 2y agoFor the record, well over 90% of Bitcoin holders already are in the clear. I would imagine the same is also true for gold.
- cratermoon 2y agoIs that 90% by count of individuals or 90% by value? It makes a difference if those 90% hold 10% of the total value.
- ecocentrik 2y agoIf this were true the price of Bitcoin would already be well below the cost of mining it.
- r721 2y ago>It's Yahoo Finance The article seems to be aggregated from some Benzinga website: >Founded in 2010 by Jason Raznick, Benzinga is a financial technology, media, and data company based in Detroit, Michigan. The website also features a news service that publishes financial news. https://mediabiasfactcheck.com/benzinga/ https://mediabiasfactcheck.com/benzinga/
- yieldcrv 2y agothe last executive order was that bitcoin can only be acquired using “budget neutral” strategies in addition to stuff the US Marshals already had so now they have found budget neutral ways our gold reserves have been valued at $42 per troy ounce for like 80 years their market value is $3000 per troy oz, so selling them at market value doesnt adversely impact the budget because they werent part of it to begin with