Michael Saylor has an interesting proposition. Sell US Treasury gold (8,000 tons = 256,000,000 ounces x approx. $2,632.50 = $673,920,000,000.
Option scenario 1) adoption of Saylor’s plan, upon announcement, could cause panic selling of gold and a public buying spree of Bitcoin, and the Treasury would end up buying only half as much BTC as theoretically possible. Someone has to be there to buy the gold. If buyers do not line up, then USA Treasury becomes the loser and not as much Bitcoin gets purchased. Massive selling of gold bringing its value down to $1,800 per ounce as “USA abandons gold headlines” and BTC goes up to $200,000 each would result in a bad deal for the Treasury.
Option scenario 2) a national banking emergency is declared or just simply happens and on a weekend or holiday a swap meet is held and some broker dealers have 6,739,200 Bitcoin at $100,000 each to trade in 1 sitting with the 256,000,000 ounces of gold. If this is done, how does that change the value of Bitcoin? How does that decrease the value of gold?
Either way, China does not have a Bitcoin economy, and neither does the USA, and ****the USA has the largest trade deficits, the USA is a borrower, and China holds $3 trillion in USD public and corporate bonds and keeps buying up American assets. Saylor would have us sell now at a time when the value of gold in US Treasury barely matches 3 years worth of the current account deficit in trade with China. This is like a drop in a bucket terms of global debt, derivatives, and international finance and trade.
China and India buy the gold up, and the value of gold versus USD does not go down and because in Saylor’s scenario the USD does not equal Bitcoin China and India do not get hurt.
Europe: Jan. 2025 Basel III framework elevates gold to the same class of assets as cash and government bonds. Some European Banks become looked upon as more stable than American banks ( Financial Times https://archive.ph/3vtMj#selection-2341.0-2415.396 ) and countries attempt to flood the USA with their excess dollars accumulated over the past 30 years dumping dollars for Euro based assets and land. Basel III favors gold and USA banks could have liquidity problems.
Bitcoin could go up in value 3x, 10x, but the USD does not equal Bitcoin and the world major institutions are not banking on Bitcoin as a substitute for gold to destroy the Fed.
If 6,739,200 Bitcoin gets purchased at $100,000 each (and that is not likely to happen) and then becomes valued at $1million each then the Treasury hypothetically has $6+ trillion in reserves which does not do much for the Treasury compared to simply revaluing gold at $25k per ounce. The USA is “not an island” and how we deal with other countries has to be taken into consideration.
Saylor’s decision would be entirely inequitable, just as unjust as our current fractional reserve system where banks can lend out hundreds of billions to the wealthy, money created out of thin air, depreciating the dollar used by the ever-increasing numbers of “middle-class poor” — Saylor would have Bitcoin millionaires as the new elites and the vast majority of Americans being stuck with devalued USD. Ain’t gonna happen under Trump.
Michael Saylor has an interesting proposition. Sell US Treasury gold (8,000 tons = 256,000,000 ounces x approx. $2,632.50 = $673,920,000,000.
Option scenario 1) adoption of Saylor’s plan, upon announcement, could cause panic selling of gold and a public buying spree of Bitcoin, and the Treasury would end up buying only half as much BTC as theoretically possible. Someone has to be there to buy the gold. If buyers do not line up, then USA Treasury becomes the loser and not as much Bitcoin gets purchased. Massive selling of gold bringing its value down to $1,800 per ounce as “USA abandons gold headlines” and BTC goes up to $200,000 each would result in a bad deal for the Treasury.
Option scenario 2) a national banking emergency is declared or just simply happens and on a weekend or holiday a swap meet is held and some broker dealers have 6,739,200 Bitcoin at $100,000 each to trade in 1 sitting with the 256,000,000 ounces of gold. If this is done, how does that change the value of Bitcoin? How does that decrease the value of gold?
Either way, China does not have a Bitcoin economy, and neither does the USA, and ****the USA has the largest trade deficits, the USA is a borrower, and China holds $3 trillion in USD public and corporate bonds and keeps buying up American assets. Saylor would have us sell now at a time when the value of gold in US Treasury barely matches 3 years worth of the current account deficit in trade with China. This is like a drop in a bucket terms of global debt, derivatives, and international finance and trade.
China and India buy the gold up, and the value of gold versus USD has not gone down and because in Saylor’s scenario the USD does not equal Bitcoin China and India do not get hurt.
Europe: Jan. 2025 Basel III framework elevates gold to the same class of assets as cash and government bonds. Some European Banks become looked upon as more stable than American banks ( Financial Times https://archive.ph/3vtMj#selection-2341.0-2415.396 ) and countries attempt to flood the USA with their excess dollars accumulated over the past 30 years dumping dollars for Euro based assets and land. Basel III favors gold and USA banks could have liquidity problems.
Bitcoin could go up in value 3x, 10x, but the USD does not equal Bitcoin and the world major institutions are not banking on Bitcoin as a substitute for gold to destroy the Fed.
If 6,739,200 Bitcoin gets purchased at $100,000 each (and that is not likely to happen) and then becomes valued at $1million each then the Treasury hypothetically has $6+ trillion in reserves which does not do much for the Treasury compared to simply revaluing gold at $25k per ounce. The USA is “not an island” and how we deal with other countries has to be taken into consideration.
Saylor’s decision would be entirely inequitable, just as unjust as our current fractional reserve system where banks can lend out hundreds of billions to the wealthy, money created out of thin air, depreciating the dollar used by the ever-increasing numbers of “middle-class poor” — Saylor would have Bitcoin millionaires as the new elites and the vast majority of Americans being stuck with devalued USD. Ain’t gonna happen under Trump.
Michael Saylor has an interesting proposition. Sell US Treasury gold (8,000 tons = 256,000,000 ounces x approx. $2,632.50 = $673,920,000,000.
Option scenario 1) adoption of Saylor’s plan, upon announcement, could cause panic selling of gold and a public buying spree of Bitcoin, and the Treasury would end up buying only half as much BTC as theoretically possible. Someone has to be there to buy the gold. If buyers do not line up, then USA Treasury becomes the loser and not as much Bitcoin gets purchased. Massive selling of gold bringing its value down to $1,800 per ounce as “USA abandons gold headlines” and BTC goes up to $200,000 each would result in a bad deal for the Treasury.
Option scenario 2) a national banking emergency is declared or just simply happens and on a weekend or holiday a swap meet is held and some broker dealers have 6,739,200 Bitcoin at $100,000 each to trade in 1 sitting with the 256,000,000 ounces of gold. If this is done, how does that change the value of Bitcoin? How does that decrease the value of gold?
Either way, China does not have a Bitcoin economy, and neither does the USA, and the USA has the largest trade deficits, the USA is a borrower, and China holds $3 trillion in USD public and corporate bonds and keeps buying up American assets and land. Compared to the value of gold now, Saylor would have us sell now at a time when the value of gold in US Treasury barely matches 3 years of the current account deficit in trading. This is like a drop in a bucket.
China and India buy the gold up, and the value of gold versus USD has not gone down and because in Saylor’s scenario the USD does not equal Bitcoin China and India do not get hurt.
Europe: Jan. 2025 Basel III framework elevates gold to the same class of assets as cash and government bonds. Some European Banks become looked upon as more stable than American banks ( Financial Times https://archive.ph/3vtMj#selection-2341.0-2415.396 ) and countries attempt to flood the USA with their excess dollars accumulated over the past 30 years dumping dollars for Euro based assets and land. Basel III favors gold and USA banks could have liquidity problems.
Bitcoin could go up in value 3x, 10x, but the USD does not equal Bitcoin and the world major institutions are not banking on Bitcoin as a substitute for gold to destroy the Fed.
If 6,739,200 Bitcoin gets purchased at $100,000 each (and that is not likely to happen) and then becomes valued at $1million each then the Treasury hypothetically has $6+ trillion in reserves which does not do much for the Treasury compared to simply revaluing gold at $25k per ounce. The USA is “not an island” and how we deal with other countries has to be taken into consideration.
Saylor’s decision would be entirely inequitable, just as unjust as our current fractional reserve system where banks can lend out hundreds of billions to the wealthy, money created out of thin air, depreciating the dollar used by the ever-increasing numbers of “middle-class poor” — Saylor would have Bitcoin millionaires as the new elites and the vast majority of Americans being stuck with devalued USD. Ain’t gonna happen under Trump.
Michael Saylor has an interesting proposition. Sell US Treasury gold (8,000 tons = 256,000,000 ounces x approx. $2,632.50 = $673,920,000,000.
Option scenario 1) adoption of Saylor’s plan, upon announcement, could cause panic selling of gold and a public buying spree of Bitcoin, and the Treasury would end up buying only half as much BTC as theoretically possible. Someone has to be there to buy the gold. If buyers do not line up, then USA Treasury becomes the loser and not as much Bitcoin gets purchased. Massive selling of gold bringing its value down to $1,800 per ounce as “USA abandons gold headlines” and BTC goes up to $200,000 each would result in a bad deal for the Treasury.
Option scenario 2) a national banking emergency is declared or just simply happens and on a weekend or holiday a swap meet is held and some broker dealers have 6,739,200 Bitcoin at $100,000 each to trade in 1 sitting with the 256,000,000 ounces of gold. If this is done, how does that change the value of Bitcoin? How does that decrease the value of gold?
Either way, China does not have a Bitcoin economy, and neither does the USA, and the USA has the largest trade deficits, the USA is a borrower, and China holds $3 trillion in USD public and corporate bonds and buying up American assets and land. Compared to the value of gold Saylor would have us sell, the value of gold in US Treasury barely matches 3 years of the current account deficit in trading.
China and India buy the gold up, and the value of gold versus USD has not gone down and because in Saylor’s scenario the USD does not equal Bitcoin China and India do not get hurt.
Europe: Jan. 2025 Basel III framework elevates gold to the same class of assets as cash and government bonds. Some European Banks become looked upon as more stable than American banks ( Financial Times https://archive.ph/3vtMj#selection-2341.0-2415.396 ) and countries attempt to flood the USA with their excess dollars accumulated over the past 30 years dumping dollars for Euro based assets and land. Basel III favors gold and USA banks could have liquidity problems.
Bitcoin could go up in value 3x, 10x, but the USD does not equal Bitcoin and the world major institutions are not banking on Bitcoin as a substitute for gold to destroy the Fed.
If 6,739,200 Bitcoin gets purchased at $100,000 each (and that is not likely to happen) and then becomes valued at $1million each then the Treasury hypothetically has $6+ trillion in reserves which does not do much for the Treasury compared to simply revaluing gold at $25k per ounce. The USA is “not an island” and how we deal with other countries has to be taken into consideration.
Saylor’s decision would be entirely inequitable, just as unjust as our current fractional reserve system where banks can lend out hundreds of billions to the wealthy, money created out of thin air, depreciating the dollar used by the ever-increasing numbers of “middle-class poor” — Saylor would have Bitcoin millionaires as the new elites and the vast majority of Americans being stuck with devalued USD. Ain’t gonna happen under Trump.
Michael Saylor has an interesting proposition. Sell US Treasury gold (8,000 tons = 256,000,000 ounces x approx. $2,632.50 = $673,920,000,000.
Option scenario 1) adoption of Saylor’s plan, upon announcement, could cause panic selling of gold and a public buying spree of Bitcoin, and the Treasury would end up buying only half as much BTC as theoretically possible. Someone has to be there to buy the gold. If buyers do not line up, then USA Treasury becomes the loser and not as much Bitcoin gets purchased. Massive selling of gold bringing its value down to $1,800 per ounce as “USA abandons gold headlines” and BTC goes up to $200,000 each would bean the Treasury a bad deal.
Option scenario 2) a national banking emergency is declared or just simply happens and on a weekend or holiday a swap meet is held and some broker dealers have 6,739,200 Bitcoin at $100,000 each to trade in 1 sitting with the 256,000,000 ounces of gold. If this is done, how does that change the value of Bitcoin? How does that decrease the value of gold?
Either way, China does not have a Bitcoin economy, and neither does the USA, and the USA has the largest trade deficits, the USA is a borrower, and China holds $3 trillion in USD public and corporate bonds and buying up American assets and land. Compared to the value of gold Saylor would have us sell, the value of gold in US Treasury barely matches 3 years of the current account deficit in trading.
China and India buy the gold up, and the value of gold versus USD has not gone down and because in Saylor’s scenario the USD does not equal Bitcoin China and India do not get hurt.
Europe: Jan. 2025 Basel III framework elevates gold to the same class of assets as cash and government bonds. Some European Banks become looked upon as more stable than American banks ( Financial Times https://archive.ph/3vtMj#selection-2341.0-2415.396 ) and countries attempt to flood the USA with their excess dollars accumulated over the past 30 years dumping dollars for Euro based assets and land. Basel III favors gold and USA banks could have liquidity problems.
Bitcoin could go up in value 3x, 10x, but the USD does not equal Bitcoin and the world major institutions are not banking on Bitcoin as a substitute for gold to destroy the Fed.
If 6,739,200 Bitcoin gets purchased at $100,000 each (and that is not likely to happen) and then becomes valued at $1million each then the Treasury hypothetically has $6+ trillion in reserves which does not do much for the Treasury compared to simply revaluing gold at $25k per ounce. The USA is “not an island” and how we deal with other countries has to be taken into consideration.
Saylor’s decision would be entirely inequitable, just as unjust as our current fractional reserve system where banks can lend out hundreds of billions to the wealthy, money created out of thin air, depreciating the dollar used by the ever-increasing numbers of “middle-class poor” — Saylor would have Bitcoin millionaires as the new elites and the vast majority of Americans being stuck with devalued USD. Ain’t gonna happen under Trump.
Michael Saylor has an interesting proposition. Sell US Treasury gold (8,000 tons = 256,000,000 ounces x approx. $2,632.50 = $673,920,000,000.
Option scenario 1) adoption of Saylor’s plan, upon announcement, could cause panic selling of gold and a public buying spree of Bitcoin, and the Treasury would end up buying only half as much BTC as theoretically possible. Someone has to be there to buy the gold. If buyers do not line up, then USA Treasury becomes the loser and not as much Bitcoin gets purchased.
Option scenario 2) a national banking emergency is declared or just simply happens and on a weekend or holiday a swap meet is held and some broker dealers have 6,739,200 Bitcoin at $100,000 each to trade in 1 sitting with the 256,000,000 ounces of gold. If this is done, how does that change the value of Bitcoin? How does that decrease the value of gold?
Either way, China does not have a Bitcoin economy, and neither does the USA, and the USA has the largest trade deficits, the USA is a borrower, and China holds $3 trillion in USD public and corporate bonds and buying up American assets and land. Compared to the value of gold Saylor would have us sell, the value of gold in US Treasury barely matches 3 years of the current account deficit in trading.
China and India buy the gold up, and the value of gold versus USD has not gone down and because in Saylor’s scenario the USD does not equal Bitcoin China and India do not get hurt.
Europe: Jan. 2025 Basel III framework elevates gold to the same class of assets as cash and government bonds. Some European Banks become looked upon as more stable than American banks ( Financial Times https://archive.ph/3vtMj#selection-2341.0-2415.396 ) and countries attempt to flood the USA with their excess dollars accumulated over the past 30 years dumping dollars for Euro based assets and land. Basel III favors gold and USA banks could have liquidity problems.
Bitcoin could go up in value 3x, 10x, but the USD does not equal Bitcoin and the world major institutions are not banking on Bitcoin as a substitute for gold to destroy the Fed.
If 6,739,200 Bitcoin gets purchased at $100,000 each (and that is not likely to happen) and then becomes valued at $1million each then the Treasury hypothetically has $6+ trillion in reserves which does not do much for the Treasury compared to simply revaluing gold at $25k per ounce. The USA is “not an island” and how we deal with other countries has to be taken into consideration.
Saylor’s decision would be entirely inequitable, just as unjust as our current fractional reserve system where banks can lend out hundreds of billions to the wealthy, money created out of thin air, depreciating the dollar used by the ever-increasing numbers of “middle-class poor” — Saylor would have Bitcoin millionaires as the new elites and the vast majority of Americans being stuck with devalued USD. Ain’t gonna happen under Trump.
Michael Saylor has an interesting proposition. Sell US Treasury gold (8,000 tons = 256,000,000 ounces x approx. $2,632.50 = $673,920,000,000.
Option scenario 1) adoption of Saylor’s plan, upon announcement, could cause panic selling of gold and a public buying spree of Bitcoin, and the Treasury would end up buying only half as much BTC as theoretically possible. Someone has to be there to buy the gold. If buyers do not line up, then USA Treasury becomes the loser and not as much Bitcoin gets purchased.
Option scenario 2) a national banking emergency is declared or just simply happens and on a weekend or holiday a swap meet is held and some broker dealers have 6,739,200 Bitcoin at $100,000 each to trade in 1 sitting with the 256,000,000 ounces of gold. If this is done, how does that change the value of Bitcoin? How does that decrease the value of gold?
Either way, China does not have a Bitcoin economy, and neither does the USA, and the USA has the largest trade deficits, the USA is a borrower, and China holds $3 trillion in USD public and corporate bonds and buying up American assets and land. Compared to the value of gold Saylor would have us sell, the value of gold in US Treasury barely matches 3 years of the current account deficit in trading.
China and India buy the gold up, and the value of gold versus USD has not gone down and because in Saylor’s scenario the USD does not equal Bitcoin China and India do not get hurt.
Europe: Jan. 2025 Basel III framework elevates gold to the same class of assets as cash and government bonds. Some European Banks become looked upon as more stable than American banks ( Financial Times https://archive.ph/3vtMj#selection-2341.0-2415.396 ) and countries attempt to flood the USA with their excess dollars accumulated over the past 30 years dumping dollars for Euro based assets and land. Basel III favors gold and USA banks could have liquidity problems.
Bitcoin could go up in value 3x, 10x, but the USD does not equal Bitcoin and the world major institutions are not banking on Bitcoin as a substitute for gold to destroy the Fed.
If 6,739,200 Bitcoin gets purchased at $100,000 each (and that is not likely to happen) and then becomes valued at $1million each then the Treasury hypothetically has $6+ trillion in reserves which does not do much for the Treasury compared to simply revaluing gold at $25k per ounce. The USA is “not an island” and how we deal with other countries has to be taken into consideration.
Michael Saylor has an interesting proposition. Sell US Treasury gold (8,000 tons = 256,000,000 ounces x approx. $2,632.50 = $673,920,000,000.
Option scenario 1) adoption of Saylor’s plan, upon announcement, could cause panic selling of gold and a public buying spree of Bitcoin, and the Treasury would end up buying only half as much BTC as theoretically possible. Someone has to be there to buy the gold. If buyers do not line up, then USA Treasury becomes the loser and not as much Bitcoin gets purchased.
Option scenario 2) a national banking emergency is declared or just simply happens and on a weekend or holiday a swap meet is held and some broker dealers have 6,739,200 Bitcoin at $100,000 each to trade in 1 sitting with the 256,000,000 ounces of gold. If this is done, how does that change the value of Bitcoin? How does that decrease the value of gold?
Either way, China does not have a Bitcoin economy, and neither does the USA, and the USA has the largest trade deficits, the USA is a borrower, and China holds $3 trillion in USD public and corporate bonds and buying up American assets and land. Compared to the value of gold Saylor would have us sell, the value of gold in US Treasury barely matches 3 years of the current account deficit in trading.
China and India buy the gold up, and the value of gold versus USD has not gone down and because in Saylor’s scenario the USD does not equal Bitcoin China and India do not get hurt.
Europe: Jan. 2025 Basel III framework elevates gold to the same class of assets as cash and government bonds. Some European Banks become looked upon as more stable than American banks ( Financial Times https://archive.ph/3vtMj#selection-2341.0-2415.396 ) and countries attempt to flood the USA with their excess dollars accumulated over the past 30 years dumping dollars for Euro based assets and land. Basel III favors gold and USA banks could have liquidity problems.
Bitcoin could go up in value 3x, 10x, but the USD does not equal Bitcoin and the world major institutions are not banking on Bitcoin as a substitute for gold to destroy the Fed.
Michael Saylor has an interesting proposition. Sell US Treasury gold (8,000 tons = 256,000,000 ounces x approx. $2,632.50 = $673,920,000,000.
Option scenario 1) adoption of Saylor’s plan, upon announcement, could cause panic selling of gold and a public buying spree of Bitcoin, and the Treasury would end up buying only half as much BTC as theoretically possible. Someone has to be there to buy the gold. If buyers do not line up, then USA Treasury becomes the loser and not as much Bitcoin gets purchased.
Option scenario 2) a national banking emergency is declared or just simply happens and on a weekend or holiday a swap meet is held and some broker dealers have 6,739,200 Bitcoin at $100,000 each to trade in 1 sitting with the 256,000,000 ounces of gold. If this is done, how does that change the value of Bitcoin? How does that decrease the value of gold?
Either way, China does not have a Bitcoin economy, and neither does the USA, and the USA has the largest trade deficits, the USA is a borrower, and China holds $3 trillion in USD public and corporate bonds and buying up American assets and land. Compared to the value of gold Saylor would have us sell, the value of gold in US Treasury barely matches 3 years of the current account deficit in trading.
China and India buy it up, and the value of gold versus USD has not gone down and because in Say.or’s scenario the USD does not equal Bitcoin China and India do not get hurt.
Europe: Jan. 2025 Basel III framework elevates gold to the same class of assets as cash and government bonds. Some European Banks become looked upon as more stable than American banks ( Financial Times https://archive.ph/3vtMj#selection-2341.0-2415.396 ) and countries attempt to flood the USA with their excess dollars accumulated over the past 30 years dumping dollars for Euro based assets and land. Basel III favors gold and USA banks could have liquidity problems.
Bitcoin could go up in value 3x, 10x, but the USD does not equal Bitcoin and the world major institutions are not banking on Bitcoin as a substitute for gold to destroy the Fed.