i asked my gold dealer what happens with the gold he buys. he immediately sends it off to a large multi state buyer where it is melted and sent overseas. he only keeps very rare rolexes and coins.
i went back to my local gold dealer. there were a lot of people in the store. zero buyers. everyone was selling old jewelry and random coins.
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the price action for gold silver and bitcoin is taking place on asia time
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if you were the CCP and you were in the process of developing an international gold exchange and encouraging trade partners to settle in gold, one of your priorities would be to make gold look amazing and make competitors like bitcoin look terrible.
right now the price action is taking place outside of wall street hours. we were in a wall street run market with the etfs for the last few months.
it seems like gold and bitcoin are in an asia run market again.
$8.50 per watt cited in the Morgan Stanley report means most on grid publically traded miners should simply sell themselves to big-AI since they have never been good stewards of shareholders' value.
let's return bitcoin mining to the energy cockroaches
energy generating assets are greatly outperforming bitcoin this cycle if those assets can be used to power reliable data centers.
it is only time before people begin to sweep their profits from building those energy assets into energy backed money
we are on track to Kardashev type 1 civilization
the same group lending to $bitf is coordinating data center buyouts. i predict $bitf will be selling or acquired by this consortium from nvidia and blackrock
