Bitcoin vs. Gold, this is Getting Awkward

Gold Telegraph 
@GoldTelegraph

Hard assets are moving this morning.

Gold.
Silver.
Copper.

BREAKING NEWS: PIMCO SAYS IT PLANS TO DIVERSIFY ITS GOVERNMENT BOND EXPOSURE BY BUYING OUTSIDE THE UNITED STATES

This is one of the world’s largest asset managers. The trend continues…

“The $2 trillion bond-focused asset manager said it favors short-term and intermediate U.S. Treasuries, while it has reduced allocations to long-dated U.S. government debt securities due to the potential of higher inflation…”

Source: https://www.reuters.com/markets/rates-bonds/bond-vigilante-pimco-trims-long-term-us-sovereign-debt-holdings-2024-12-09/

Demand for long-term U.S. debt is starting to feel the heat. The solution? Leverage gold reserves to back a long-term government bond and restore confidence. It is a no brainer.

Michael Saylor thinks the U.S. should trade all its gold for Bitcoin. Regardless of your stance:

1. Shameless Shark
He pumps his bags like it’s a spin class while ignoring national security.

2. History?
Saylor missed the part where gold is literally in the Constitution.

Sad.

As central banks hoard gold, Saylor, holding 2% of Bitcoin, urges the U.S. to dump its gold for Bitcoin—risking stability for self-interest. I’m not talking down anything, just highlighting how sad this is becoming.

His company slogan should be: Own nothing, be happy.

El Salvador is nearing a $1.3 billion deal with the International Monetary Fund, tied to changes in its Bitcoin legal tender policy. What a pivot. Next, the country wants to start mining gold to transform its economy. This is getting awkward.

Jerome Powell claims Bitcoin competes more with gold. Really, Powell? Take a closer look—states across the U.S. are pushing to reclassify gold and silver as legal tender. There are levels to this Gold is a Constitution-backed rival to the dollar itself. Things are getting real.

BREAKING NEWS THE BANK OF ENGLAND WILL HIDE THE IDENTITIES OF ANY PENSION FUNDS, INSURERS OR HEDGE FUNDS BAILED OUT UNDER A NEW FINANCIAL STABILITY TOOL

You are reading this right.

“BOE fears disclosure stigma would worsen financial instability…”

https://www.bloomberg.com/news/articles/2024-12-09/identities-of-shadow-banks-that-use-new-boe-tool-to-be-secret