ALERT! Selling US Gold To Buy Bitcoin/Crypto To Build US Strategic Crypto Reserve?
From Greg M
Lions…
I want to bring this to your attention.
There is talk of the possibility of selling US Government gold! (Sell OUR GOLD to buy Bitcoin/Cryptocurrencies to add to the US Strategic Reserve).
If this is true, IMO, its absolute MADNESS. (And madness may be the understatement of the millennium!)
Lions! WE NEED TO BE VASTLY ADDING GOLD, AND SILVER IMO, TO THE US STRATEGIC RESERVES! Not Selling It!
If you guys/gals have ANY information on this… PLEASE SHARE IT HERE!
GM
I believe crypto was invented to draw off demand for gold & silver. The present apparent sell off of metals to buy crypto looks like an admission of failure to destroy gold & silver. I recently got scammed out of Bitcoin and in trying to address my loss learned that there are services that can track fraudulent hijacking of crypto. After all, with enough computing power, you can track even 35 digit addresses. And it is in anonymity where crypto's strength lies. Without that, you have northing. Gold and silver are assets that have no counterparty risk. That says it all.
I don’t think we have any gold. It’s all IOUs from bullion banks who have rehypothecated it many times.