He is obviously stuck in the past.. Max should have asked him what happens if they find an underwater gold deposit that has 100x more gold than has ever existed!
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He is obviously stuck in the past.. Max should have asked him what happens if they find an underwater gold deposit that has 100x more gold than has ever existed!
Yeah, that's Bix Weir's theory. That there is a VAST deposit of gold in the grand canyon. According to Bix the dollar collapses before the end of the year, J.P. Morgan drives the price of silver to $80K/oz to stave off bankruptcy, Bitcoin goes to $1 mil/coin, and gold drops like shit through a goose becuz of the grand canyon find. I'm "anxiously" awaiting Bix's "live!" feeds from the grand canyon in fact. I hear he's looking for an rv to use as a bugout vehicle. But if he doesn't find one in time...no biggie. Clif "I'm always this" High will be more than happy to give Bix a ride in his rv. Clif the nastro-ignoramus of the crypto apocalypse on the road to roota with RotoRoooter Bix Weir. Can't wait for the tv series.
meep
or what happens when the power goes out
its not about how much gold there is its about how much it would cost per ounce to produce that gold
Exactly. There's a reason why so much of the world's gold is locked up in bank vaults or in Indian house holds. World gold production from mining is ~3,000 tones per year, but Indian households have over 20,000 tones on hand and there is easily 40,000 tones stored in banks and other places worldwide, not to mention gold actually in use. We also get over 1,000 tones per year from scrap. For a commodity that the gold bugs would have you believe is in such strong demand as a commodity people sure do have a lot of it not being used for anything other than currency or "investment" and just like diamonds it is in everyone's best interests to tightly control the supply and keep this "precious" metal off the shelves.