@WallStreetSilv @Fxhedgers Wtf is going on if you need ten kilos of gold to buy a house.
@WallStreetSilv Haha, good one! The gold standard might still exist, but our currency definitely found a new home. 🤣
@WallStreetSilv Time to head to Costco. 👀
@WallStreetSilv Sixty Bitcoin bought a house four years ago. Six Bitcoin buys a house today. One Bitcoin buys an even bigger house in four years.
@WallStreetSilv End the Fed; return the US to the Gold Standard
@WallStreetSilv True enough that the value of gold mirrors the value of houses. But the IRS will tax you 30% like you made a profit if you hold the gold for 95 years. As bad as that sounds, it's better than holding dollars. They would lose all their value if you held them since 1929.
@WallStreetSilv Too bad you wouldn't have been able to keep/use gold though. federalreservehistory.org/essays/gold-re…
@WallStreetSilv Yes. And there’s also no counterparty risk.
@WallStreetSilv 10 of these would buy you a home today and 10 of these will in 100 years
@WallStreetSilv Except a home SHOULD be cheaper now than it was in 1929 relative to income as a result of technology. Gold broke in 1901. #Bitcoin fixes gold