441–449 of 449 posts
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Good luck transporting and securing larger quantities of gold and also exchanging it for money. One basically has to declare any quantity in excess of six ounces / 170 grams of gold because it exceeds 10k US dollars / euros.
what's wrong with declaring? It's not like it'd be taken from you...unless you illegitimately obtained it.
Since there is no way on Earth that the financial elite will just give up and go away, demand for crypto transactions will be ever present. They can pass laws to make it illegal, but that means that servicing the demand is going to be even more profitable. Consider that the risk of owning an outlawed crypto currency is nowhere near to carrying around a kilo of white powder...
Every time a windbag (insider/rich guy/financial guru), like Taleb or Bill Gates, bad mouths crypto, it should be considered an endorsement of the concept.
Which crypto you choose to put your fiat into however, is your business.
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You cite real estate and stocks: You can buy real estate and generate returns by renting it out. A smart real estate investment can generate money for y you regardless if its market value. Stocks are the same: they represent a real piece of a company. If the company doesn’t issue dividends, the value is retained in the price of the stock. Warren Buffet almost never sells stock, his whole strategy is to hold forever.…
>> A smart real estate investment can generate money for y you regardless if its market value. Unless it loses 50%+ of value suddenly. Then it may take you 10+ years to return back to profit. >> If the company doesn’t issue dividends, the value is retained in the price of the stock. Unless your company go bankrupt. You may lose the whole investment.
You didn't understand what I said. It doesn't matter about short term fluctuations of market value. If you are pulling in rent (or not paying rent because you are using the house) then it doesn't matter what the market price is right this minute. Flipping assets in a hot market is a zero sum game, and is more akin to gambling than capitalism. Traditionally capital generates profit by producing real value, in this case by providing shelter to you, or to someone paying you. Ownership of a company is the same thing (that's what a stock is). It produces value or provides a service.
This is a thread about bitcoin. Which is a virtual (read intangible), currency whose value is determined entirely by other people's belief that it is worth something. It can't be used for anything except as an incredibly unstable store of value. It can't provide shelter, people won't give you real value to temporarily hold it. Bitcoin as an algorithm is unkillable. As an investment it is, very, very fragile.
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Shorting Bitcoin, even theoretically, is a bad idea. He doesn't short it because he understands convexity. This is an arbitrary "asset" and can therefore go as high as it wants. If he shorts it, the risk that he'll get squeezed out is high.
Well, I guess he also understands me not giving a sh*t about his opinions if he's not going to put his money where his mouth is. I hope he's not managing someone else's BTC wealth.
He's not exposing you to a risk that he himself is not taking.. shorting is a different move altogether, one that he's not asking you to make. How's this hard for you to understand?
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An investment asset must have a cash flow and/or intrinsic value. Otherwise you do not have a way to recuperate your money, so it is not an investment. They also provide basis for value of the asset. Bitcoin has neither. That is why Bitcoin is a Ponzi scheme regardless of all the rosy pictures the believers try to paint. This is very important: Bitcoin has neither cash flow nor intrinsic value. The only way to recupe…
How much does it cost to move 17 tons of gold? What is the risk involved in transfer? I can answer that question for BTC. To transfer the USD value equivalent of 17 tons of gold, it's currently around $27.50[1]. This transaction can be made anywhere you can broadcast a hash string. If you want to get fancy, you can trade wBTC on ethereum for, as of this moment, ~$8[2]. If even that is too high a fee for you, you coul…
Everyone who tries to make the argument that moving physical Gold is the same as a Bitcoin transaction is deluding themselves. They're conflating the logistics of commodity transfer with transfer of ownership. These are completely different things.
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I think you’re misunderstanding what a buyback does, it returns value to shareholders. If you own X% of a company and it buys back 20% of it’s shares, congratulations you now own 1.25X% of the company. If you don’t want 1.25% of the company sell 1/5th and it’s equivalent to a dividend. Alternatively, if it does this for long enough without you selling then you end up owning 100% of the company and the next buyback is…
Think about what you wrote more and then come back later.
The point is that the company is pumping share price, not through actually creating value, but by tweaking but by engineering scarcity, and othogonal to the corporation's reason to exist. GP is conflating the end to which buybacks are a means with the actual goal of what Boeing was colloquially for; baking safe airplanes.
This more pervasive than anyone in the business world wishes to admit.
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Well, I guess he also understands me not giving a sh*t about his opinions if he's not going to put his money where his mouth is. I hope he's not managing someone else's BTC wealth.
I hope you're not managing anybody else's wealth because you don't seem to understand that not taking a position on something is a valid position He's not exposing you to a risk that he himself is not taking.. shorting is a different move altogether, one that he's not asking you to make. How's this hard for you to understand?
Not if they want me to give them the time of day. No skin in the game? No shits given for their opinion.
> He's not exposing you to a risk that he himself is not taking.. shorting is a different move altogether, one that he's not asking you to make. How's this hard for you to understand?
He is exposing people who listen to him to risks he's not taking. Given his relative popularity, that could very well translate into a lot of risk taken (which he could also be taking a position on). Doesn't it strike you as odd that he doesn't ever disclose his portfolio?