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Scraped on 15/04/2025, 03:07:38 UTC
Many people expect the United States to usher in a digital golden age, they expect the US government to sell gold to buy bitcoin. But in fact the opposite is happening, the US is increasing its gold imports in January to a record level.


https://x.com/KobeissiLetter/status/1905631085205020941

Time is an important factor. You will find that the media and public figures will say things that cause instant hysteria or hype, but the happening of what they say could still be months or years away. It makes perfect sense for gold imports to increase, as if they truly want to make Bitcoin the replacement for gold, they need to first take as much gold as they can out of supply. That would start with buying as much of it as possible. If they sold all of their gold on hand for Bitcoin whilst too much of it was circulating elsewhere, the desired effect for the world to follow to Bitcoin would be much less likely. At least, that's what I speculate.
Original archived Re: Increasing dominance of gold
Scraped on 08/04/2025, 03:07:25 UTC
Many people expect the United States to usher in a digital golden age, they expect the US government to sell gold to buy bitcoin. But in fact the opposite is happening, the US is increasing its gold imports in January to a record level.


https://x.com/KobeissiLetter/status/1905631085205020941

Time is an important factor. You will find that the media and public figures will say things that cause instant hysteria or hype, but the happening of what they say could still be months or years away. It makes perfect sense for gold imports to increase, as if they truly want to make Bitcoin the replacement for gold, they need to first take as much gold as they can out of supply. That would start with buying as much of it as possible. If they sold all of their gold on hand for Bitcoin whilst too much of it was circulating elsewhere, the desired effect for the world to follow to Bitcoin would be much less likely. At least, that's what I speculate.