OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Thanks for the thoughts. I’m always considering options.

👍 coin shop he mentions people his age buying for grand children while they can. I just lost another friend last week, the helicopter crew chief darn him 😢. He wss stacking driver.

https://youtu.be/CqsHUfTGmzg?si=Tpzhi5T5bujIBuJy

I asked him at the end of his six-minute presentation to my group what the biggest mistake might be in investing….. and his answer was Bitcoin. So if we see Bitcoin slide below 85K I’m going in there and I’m buying a bunch of puts in MSTR, try to make some fast cash.

1. Bitcoin Has No Intrinsic Value

Buffett has repeatedly said:

“Bitcoin has no unique value at all.” — He doesn’t see it as producing anything real.
CNBC

“Cryptocurrencies basically have no value and they don’t produce anything.” — He said this while emphasizing he never owns any and never will.
CNBC

The emphasis here is on productive assets. For Buffett, true value comes from something that generates cash flow or utility (like a business, farmland, rental property). Bitcoin doesn’t do that.
CNBC

🪤 Classic Buffett Metaphors
2. “Rat Poison Squared”

One of his most quoted criticisms:

“Bitcoin is probably rat poison squared.”
This colorful insult highlights his belief that Bitcoin holds more risk than value.
CNBC

🎭 Valuation and Use
3. A “Mirage” or “Gambling Device”

Buffett has said:

“It’s a mirage, basically.” — implying its value is illusory.
The Motley Fool

He calls Bitcoin more like a gamble than an investment because its value only comes from hoping someone else will pay more later.
CNBC

💸 Productivity vs. Speculation
4. Productive Assets vs. Bitcoin

In 2022, Buffett famously explained his position with a comparison:

If you offered him 1% of all U.S. farmland for $25 billion, he’d take it. But if someone offered him all the Bitcoin in the world for $25, he wouldn’t take it.
Why? Because farmland produces food (real value), and Bitcoin “doesn’t do anything.”
CNBC

He also said that while Bitcoin might go up or down in price, he’s sure it doesn’t produce anything.
The Motley Fool

📦 Positioning & Action
5. He Never Invests In It

Buffett has stated directly:

“I don’t own any cryptocurrency and I never will.” — he reaffirms this often.
CNBC

He also says he doesn’t short it or plan to take any position because he believes he doesn’t understand it enough to justify investing.

slipping below 63…

He might be the first billionaire I’ve heard tell the truth about crypto. Buffett never had a problem trashing gold but I never heard anything from him about crypto.

start to pick up a little here towards the end of the day, we’ve been cheated for most of the day. Algo’s set to sell when the metals sold off this am never got turned back to buy. 🤔

It seems to be running wild in the streets, like so many other miners. The Fed Res Board is finished totally. Precious metals have been out of their control.

Reminds me of when Uranium prices were running wild, then they stuck it on the futures market, and down it went like I predicted it would when it was in the news.

75 at least it seems.

Platinum and Palladium right, and I’m surprised that  SBSW here in the US that has both isn’t  getting more attention.

Unbelievable strength. So good to see.

71.50  !!

…more kernels in the pan, waiting to pop.

Haven’t seen you around here in a long time, my dad Eagle Eye doesn’t have a clue what he’s missing, which is sad! Dang.

healthbot
@thehealthb0t
·
18h
“This is genocide.”

Attorney Todd Callender exposes a 1100% increase in U.S. military deaths throughout 2021, compared to 2020.

“People with three shots have no immune system left over whatsoever.”

“There is no other way to characterize this other than intentional homicide, the unlawful taking of a human life, except that it’s in large numbers, which makes it a genocide.”

short video

… is out of control … no really … be careful … or is it you should be careful of listening to people who don’t know what the F they are talking about … silver is vexing $71 and silver shares are down …

… is this a picture of the bubble these idiots are selling?

Guffaw

https://www.msn.com/en-us/money/chart?id=a22irw&ocid=msedgntp&cvid=694ad514941549ed986d0aae7ac34dd3&ei=28&timeFrame=3M&chartType=line&comparisons=a214yc%2Ca1zgdm%2Ca1twnm%2Ca233ur&projection=false

You can change time frame and if a percentage is blank you need to swipe across the chart to the right then go all the way up and around the charts.

maybe that is the reason PM shares are so weak, with metals up are the Algos still shorting the shares and maybe buying the metals…..so without a lot of humans to buy the shares….they are falling……ytsdy just after the opening I checke Vol in CDE, it had 20 K bid 230 K offered…..over ten times the bid…who does that in a runaway bull mkt….and where do they get the shares to sell ????

All ofthis will have to be unwound at some point.

Good to see yr still kicking …..Don’t think I have ever seen moves like this , over such a prolonged period, in anything before……Those Algos are finding out just how dangerous thin markets are……u may well be right about the old relationships comming back.

merry Christmas

Tks for the correction on Hycroft….the chart supports a huge move, it has a perfect saucer base to move up off.

You bet. Bateman seems like a rational sort of person … no crazy arm waver him!

Gotta like this silver action! Gold not too shabby either. 🙂

Back above $70. Holiday liquidity can be rough on some folks. 🙂

… and the gamblers could get squeezed very soon … whatever you do don’t sell when you see numbers like this (IMHO) …

COMEX Position Changes  | Silver Price Analysis | Sprott Money Ltd.

Chuckle … snort

Ipso – thanks for the Bateman post from X. I’ve been able to share it, but I’m sure they won’t listen. He’s absolutely right. We expected this 15 years ago in 08′-09′ but they were able to paper over the problems. They can’t do it this time because of the debt. They are going to wipe out everyone, or at least 90% of the people. He’s right.

Captain – they’ll be buying at $73 soon enough. This looks like a chance to pick up some silver shares on the dip. I’m surprised they weren’t able to take us negative on the day, in the old days we’d be down $2 right now.

It is impossible to believe anything the government puts out anymore, regardless of the administration. Everything they say is a lie or meant to distract.

Stay alert, pay attention, savor the experience.

…soixante onze!

Exactly … what GDP … you mean the digital transactions back and forth in a circle jerk that would have Charles Ponzi envious as hell … you mean that GDP?

Tell that to the Chinese … silver is $73 in Shanghai.

Somebody doesn’t want to see silver over $70 here knowing people will be looking at that hard and talking over Christmas dinner.

Best of the season all