Re: Lose all your capital fast, with MatTheCat and his TA 101A!
just a quote from warren buffet [Modified by Torque]:
"Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. Then over the last 200 years, it gets looted from vaults all over the world, faked, diluted with tungsten, priced set and pegged by monopolistic Elitist Mining Cartels, and ETF'd to death by many orders of magnitude, to the point that no one actually knows how much real Gold even exists in the world today, where it all lives, who controls what amounts (if any), and what its nominally speculative value should even remotely be anymore.
It has no utility. Anyone watching from Mars would be scratching their head. And a return to a worldwide Gold standard? Fat chance in Hell on that!"
"Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. Then over the last 200 years, it gets looted from vaults all over the world, faked, diluted with tungsten, priced set and pegged by monopolistic Elitist Mining Cartels, and ETF'd to death by many orders of magnitude, to the point that no one actually knows how much real Gold even exists in the world today, where it all lives, who controls what amounts (if any), and what its nominally speculative value should even remotely be anymore.
It has no utility. Anyone watching from Mars would be scratching their head. And a return to a worldwide Gold standard? Fat chance in Hell on that!"
FTFY
Just wanted to keep stuff simple
So in this case just leave this fuck*ng forum and bitcoin and trade gold, why the hell would you care bother here otherwise ?
Mat is the type who prefers dragging others down instead of pushing himself up. That's why he tells people that bitcoin is doomed while at the same time managing to lose money on huge rallies.I tried helping mat few months ago, but I had to give up, mat can't listen to anyone but himself.