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Kind of like Tesla stock. At least they're now turning a profit based on product sales.Out of all proportion relative to the general economy, not to mention having no backing.
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Kind of like Tesla stock. At least they're now turning a profit based on product sales.Out of all proportion relative to the general economy, not to mention having no backing.
Well, yes, another highly hyped bandwagon phenomenon. The change-over to electric cars is already in progress, there is little doubt that there will be success in this enterprise in future. Heavy government thrust, lots of big investment by some major, heretofore conventional companies. But not that long ago, Tesla was building cars in tents. There is also the personality cult thing surrounding Elon Musk. The car itself is spawning a cult following outside of reason. You can look at a lot of metrics to measure the performance (and value) of a company. The bottom line metric for me is the debt to revenue ratio. On that score, against comparable businesses, Tesla does worst. Ford has more than ten times the debt Tesla has, but it's debt to revenue ratio is about ten times higher.Kind of like Tesla stock. At least they're now turning a profit based on product sales.
The whole NFT thing almost seems to be a joke. Trolling for suckers. And some people are trying to point that out.Then there are the so-called digital assets called "non fungible tokens." Nothing more than electronic equivalent of baseball cards. People have really gone around the bend when they put much money in these.
To that end, is there any gold still inside of Fort Knox?It shows as a liability to the bank in their general ledger because they supposedly owe it to me. The loans owed to the bank are their supposed assets.
Gold won't turn to dust in the wind when the Government decides to flip the crypto-switch to OFF.
Crypto scares governments because they can't "regulate" it. Everyone said that bitcoin would fail because of China because most miners were there... now it's over 60k. My crypto has outpaced my modern stock investments by over 10000 percent in just the last year. I'm definitely not saying it's going to be worth anything when the shtf, but I'm using my profits to increase my investment in freedom seeds and components .Like in China?
Aloha, Mark
PS....but you know something? I need crypto to conduct business.
Feds Join Mass Arrest of 150 People in Connection With Dark Net Drug Dealing
Authorities in the U.S. and Europe have arrested droves of people in connection to dark web drug peddling, the U.S. Justice Department announced on Tuesday. The coordinated police operation, dubbed “Dark HunTor,” involved a large number of law enforcement agencies, including the Justice...www.gizmodo.com.au
Not correct.Now. People use dollars.
Go fill up your gas tank with a wad a gold and get back to me.Not correct.
Are you saying I cannot sell an ounce of gold for dollars?
Wrong again.Go fill up your gas tank with a wad a gold and get back to me.
Are you confident enough in it to buy at that level?now it's over 60k
since we are talking about a SHTF moment here.. imagine this.. 4 guys come up to you wanting X,Y and Z.. one has a thumb drive with $1,000,000 in bit coin. the other has $1,000,000 in gold, the 3rd has $1,000,000 in cash and the last has a box of 9mm and a bottle of Jack.. which would you take in trade.
Easy, If I'm willing to part with X, Y or Z.since we are talking about a SHTF moment here.. imagine this.. 4 guys come up to you wanting X,Y and Z.. one has a thumb drive with $1,000,000 in bit coin. the other has $1,000,000 in gold, the 3rd has $1,000,000 in cash and the last has a box of 9mm and a bottle of Jack.. which would you take in trade.
Were we in the trading business, which we don't plan on, and had excess X,Y and Z...AND could trade our excess safely.since we are talking about a SHTF moment here.. imagine this.. 4 guys come up to you wanting X,Y and Z.. one has a thumb drive with $1,000,000 in bit coin. the other has $1,000,000 in gold, the 3rd has $1,000,000 in cash and the last has a box of 9mm and a bottle of Jack.. which would you take in trade.