This is a little fake tantrum to send JPOW a message for his testimony tomorrow. Close your SPY puts 10 minutes into the hearing. And throw the procedes into SPY calls. You do have SPY puts, right??
Cash is a currency, not a store of value dumdum. Purchasing power of cash has eroded by 50% in ten years! WHAT ARE YOU TALKING ABOUT?? Cash is a currency, not a store of value dumdum. Purchasing power of cash has eroded by 50% in ten years! WHAT ARE YOU TALKING ABOUT??
Hey! Two scoops, Danny! Which one seems to be storing value better? I'd pick the one that's up 3.2 million percent as the better instrument. But I do have both. But my gold is flat over 10 years, which means it has lost 50% of it's purchasing power (along with the USD that we are comparing them both to) So, in terms of purchasing power, I guess BTC is only up 1.6 million percent. I'll still pick that one. Hey! Two scoops, Danny! Which one seems to be storing value better? I'd pick the one that's up 3.2 million percent as the better instrument. But I do have both. But my gold is flat over 10 years, which means it has lost 50% of it's purchasing power (along with the USD that we are comparing them both to) So, in terms of purchasing power, I guess BTC is only up 1.6 million percent. I'll still pick that one.