Gyroscopic Investing

https://money.com/central-banks-gold-bu ... aily_money

Central Banks Continue Their Gold-Buying Spree
By: Marc Guberti
Editor: Jordan Chussler
Published: Nov 14, 20247 min read

YANKEES60 wrote: ↑Tue Nov 19, 2024 7:55 am …
Central Banks Continue Their Gold-Buying Spree

How come they’re not buying bitcoin?

The US Treasury might start buying Bitcoin.

ochotona wrote: ↑Thu Nov 21, 2024 9:11 am The US Treasury might start buying Bitcoin.

At the peak price in this cycle :-)))))

Ugly_Bird wrote: ↑Thu Nov 21, 2024 9:15 am

ochotona wrote: ↑Thu Nov 21, 2024 9:11 am The US Treasury might start buying Bitcoin.

At the peak price in this cycle :-)))))

Oh no doubt!

ochotona wrote: ↑Thu Nov 21, 2024 9:56 am

Ugly_Bird wrote: ↑Thu Nov 21, 2024 9:15 am

ochotona wrote: ↑Thu Nov 21, 2024 9:11 am The US Treasury might start buying Bitcoin.

At the peak price in this cycle :-)))))

Oh no doubt!

Thought/heard somewhere that they already did own thousands of bitcoins ??

EDIT ... the duck shouted out https://www.forbes.com/sites/digital-as ... -bitcoins/

The US currently holds roughly 207,000 bitcoin

{ moved my reply to the bitcoin in the pp thread }
viewtopic.php?p=255229#p255229

Ugly_Bird wrote: ↑Thu Nov 21, 2024 9:15 am

ochotona wrote: ↑Thu Nov 21, 2024 9:11 am The US Treasury might start buying Bitcoin.

At the peak price in this cycle :-)))))

“You get Bitcoin at the price you deserve” as they say

Looks like the chance of peace in the middle east is Making Gold Affordable Again.

last thing i think investors with already existing substantial positions want an investment to do is to fall and become affordable again

mathjak107 wrote: ↑Mon Nov 25, 2024 3:11 pm last thing i think investors with already existing substantial positions want an investment to do is to fall and become affordable again

Can’t speak for others, mathjak, but I need more gold.

usually as time goes on what most investors can add in a down turn doesn’t amount to a hill of beans in performance vs the set back a drop in price causes .

it’s like at one time a good bear market in stocks maybe meant a few months of contributions to my 401k were wiped away .

today a mere 7% drop wipes out more then a decade of contributions at max.

what would get added is peeing in the ocean compared to the effect the drop would have

Well, you’re old enough to know that assets don’t continually rise, no matter what one wants.
And, I’m still young enough to happily accumulate as the price goes down.

Got my first gold Libertad today, influenced by Mark Leavy.

It’s just a 1/4 oz since they’re way more expensive than other gold coins. I’m used to crown gold and thought it looked a bit too yellow, almost green under the light, but it does indeed look beautiful under the skylight. I need a new light.

Got a silver one, too.

Silver Libertads are really beautiful coins. I haven't seen a gold one other than internet pictures. Does it (the gold Libertad) have the same detail as the silver version?

The same, yep.