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“Its bitcoin holdings were purchased at an average price of just over $111,000 each.
Bitcoin was trading at $78,442 per token on Tuesday, having fallen from its peak of around $124,000 in October last year.
The firm now owns 2,674 bitcoin, and Webley says he plans to keep buying the tokens in the future. Smarter Web Company last bought bitcoin on 22 January at $90,289 per token.”
If Bitcoin is tumbling with all these big buyers mopping it up then there really is no floor. Below $73k now.
What’s concerning is one of the first comments a person named Pamela said she bought quarter silver small coins and pasted tests but was peeling on part of the coin. Counterfeit. She bought it at APMEX. Said they don’t sell those coins anymore. Apmex
He gives some test you can do without equipment. Never heard about the ice test.
Those that are just waking up to its potential see it as an investment. Apparently the Netherlands want to tax the unrealised capital gains on all investments (with minor exceptions) which would mean people would be required to list those investments so the govt would know how to tax them. So they would know where the gold is to confiscate it. How about jewellers having to notify govt of all purchases, so the govt knows who has been buying earrings? They already know your stock holdings, investment properties, bank accounts etc. so why not gold and silver?
I wonder if a master chartist could figure out ” decode” the institutional algorithms. It could be connected to Fibonacci numbers it seemed to follow on that coordinated shake down.
Even back in 30s gold was considered currency. Would be considered similar to Europe having to exchange their country currency for the Euro. Nixon took us off the gold standard it’s now considered personal property not currency. I’m sure they’d think up some crucial reason they needed everybody to turn in their PMs except maybe neumanistic ?? collections.
I think they will try to discourage people from holding it first. Like if they’re changing the reporting lower and lower if they do on the 15 th or will do. Then what having stores only buying larger amounts? Games like that.
Hopefully it doesn’t go that far back. Gold jewelry was spared in 1933. Otherwise it will result even more resistance and a underground currency and perhaps a desire for a new common currency.
I think a lot of confidence in the stocks was lost with the Jan 30 robbery. I don’t think Bateman it’s all about money to hedge inflation or dollar devaluation because already has that although making more for those reasons is good too but preserving his not just from devaluation but from theft.
Here’s something on today on the dollar and this one made a bet silver back up coincidentally on the 15th but admitted a 10 percent chance and other scenarios and types of traders. Ps he isn’t totally accurate.
Wall Street Mav
@WallStreetMav
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4h
Now that SpaceX owns X, and Europe is attacking X … maybe Elon should decline to launch European satellites into orbit.
The European Union is proposing new regulations on satellites that would force SpaceX to rebuild Starlink to EU regulations. They want to regulate SpaceX into oblivion.
I understand the basic premise of why someone would execute that trade ( mainly to hedge against counter party risk), but I don’t understand the timing of why he would do this.
With the rise of the metals the last quarter, the upcoming earnings cycle SHOULD be awesome for those well managed companies ( I know we’ve said that before, but in the past there seemed to be other factors affecting earnings, i.e high fuel costs etc.).
Meanwhile Vance making deals with other countries on putting a floor on critical metals. Silver in that mix. The reason is price fluctuations, sudden price drops kill new mines financing. So they’ll apparently put a price floor on them.
Third message. I got a hold of my local store here. He said he heard the same thing and it wouldn’t surprise him, he’s been waiting for something like that for a long time. He said he hasn’t got any notice so far but he saw it on TV. He told me to feel free to call back a couple days before. He plans on hanging around for awhile as there’s talk brokers are getting out and that’s good he’s my favorite.
There is a divergence in short term charting vs long term. Current short term bearish have to watch all the time. Looks sideways but watch out for a head and shoulders forming or appear sideways but moving down. Long term bullish still in place.
Follow up post. My local dealer isn’t open yet in Calif 3hrs back in time. I called Apmex although your going to get people just taking orders. I decided to choose the selling line instead of buying, maybe they knew more, but she didn’t. It gives updated in different things on recording though.
I don’t know what the min 20K buy back was all about. She searched and sent a message to her manager and she was searching for a long time and the manager wasn’t available in all that time. She was genuinely trying to find out. I kept that video from that Asian guy because if it was false I am going to send it to YouTube on giving false information again. From last notification on that they all changed their story on the other ones aren’t real just them. I kinda think it’s a group spawned from the same river but between them some can give more detailed information.
On speculation on what could happen down the road and if history repeats as far as confiscation another back up source is gold jewelry like India does and wear their money. Not just small rings but particularly bracelets of highest amount of gold or silver weight. Provident is selling gold bracelets now. Of course not when gold was under 1000. Also you could learn to melt and make it your self if they’re saying it isn’t money.
There saying the real reason for the paperwork is not directed at average buyers but money laundering. Well if that was true why is it strictly going to the IRS.
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