• 2 Posts
  • 1.7K Comments
Joined 3 years ago
cake
Cake day: July 3rd, 2023

help-circle


  • Are you talking about individuals or states at this point? Or varies for each and I agree, outside their borders, for states, it is riskier. However, they are shuffling their hokdings to manage that risk. As are people, which was my point.

    I don’t think they messed up by trusting the US. It was safe and stable for a prolonged period. They fucked up by not recognizing the risk once trump term 1 started.


  • Yes, but some have transferred the bullion to holdings in the uk and Germany. And those countries have too.

    A lot is in the USA, but not all. Holding an asset, even in a failed country (which is highly unlikely, by the way) is still a viable asset.

    The fact that you think the USA could claim privately held assets as government property is precisely why some people want to hold gold rather than cash in an account which can be seized digitally.



  • Of the us dollar loses value, the government can " print " more to make their payments. That makes it worth less as it devalues and can lead to hyper inflation. All the while, others may dump dollars devaluing it more.

    With gold, of it’s price drops, you can just create more out of thin air. There is a set amount. Gold has inherent value as a rare metal, however most of its value currently is due to it’s scarcity making it a good store of value.



  • Australia has wonderful cuisine. I’m not Australian born but now love here. People take food very seriously and there is great Japanese, Thai, Chinese Greek, Italian French cuisine here. Mexican, not so much. Other countries, depends on the area.

    Modern Australian cuisine (known as mod Aus here) takes a fusion of one or more of these combined with some local ingredients.

    Australians in general take cooking and food quite seriously. It’s a foodie paradise.