RE: BITCOIN MAY POSE MULTI-YEAR HEADWIND FOR GOLD, JP MORGAN SAYS9 Dec 2020 21:24
Hi Tibbs
One thing which I am secure n is that the Fed and other world Banks regards Cyber currency as a bigger threat to their o/all domination of the currency markets than gold, in which lets face it they already have a controlling interest , I include both Moscow, Beijing , the City New York and Tokyo in this estimation. Cyber currency cannot be controlled as it has no central
identity. It may be the unifying force whereas all the players as above conjoin to crash the concept. just my opinion of course but there is an expression regarding urinating into a prevailing wind.
Bit coin et al may become history as the weight of Government world interest to consign to the dustbin of history may be too great to resist. Never traded cyber currency and still not sure as to how to convert to hard currency if I did . Really became interested in Kinesis but a promise is but a statement of intent and not a reality backed by solid market identity. Still interested but validation of backed intent lacking at present so remain out. That is not to say I will not suffer as in the past from a lack of courage to grasp the nettle.
Your views on Brexit most interesting . However quite contrary to the majority as to our Sovereign right to self determination and willing and able to suck up the cost and indeed in those areas where voting Tory is akin to self flagellation. Boris may indeed not be as capable a Blair on the PR front but holding firm I can assure you will solidify his hild on the Mid to Northern seats Able though he may be our QC opposition leader is backtracking into the mire of despair when we need a strong opposition leader to hold the Government to task.
Disappointed in Stammer. He had so much to offer.
Bob
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