twice_benny

4 ms·

1. 1.▲
   by twice_benny 6y ago

   EU bureaucrats in disbelief that words on paper mean little in exigent times. This is one of the big problems with the EU when it comes to geopolitical issues and security. Way too dependent on diplomacy and then always get surprised when o
2. 2.▲
   by twice_benny 6y ago

   Right, bullshit.
3. 3.▲
   by twice_benny 6y ago

   Yes and people can also invest in high yield funds to get just as much with probably much lower exposure to risk. And no, people don't need gold.
4. 4.▲
   by twice_benny 6y ago

   People in general don't hold gold though. Tresuries hold gold, but everyday people are not very interested in preserving the value of their 200k in savings. They want a decent yield of at least 3%/annum.
5. 5.▲
   by twice_benny 6y ago

   If it stabilizes and does not keep going up. Guess what happens to the 90% of holdings in Bitcoin that are pure speculation? They get moved to other assets with higher prospective yields.