Zimbabwe launches gold coins to tackle soaring inflation

Status
Not open for further replies.
gold standard is their second best option, good for them, lesson learned (at least to some extent)
 
JohnnyDoe said:
26 July 2012:
Gold price: $1,618
Bitcoin price: $8.8

26 July 2022:
Gold price: $1,718
Bitcoin price: $20,871

10 years performance:
Gold: +6.18%
Bitcoin: +237,070%

Really a bad decade for bitcoin rof/%
Click to expand...
i said this decade........which means starting from 2020
also how many bitcoin did you had from $8.8 or even $100 ?
 
369 said:
i said this decade........which means starting from 2020
Click to expand...
Ah ok, you derive data from 2 years thu&¤#
369 said:
also how many bitcoin did you had from $8.8
Click to expand...
Zero. Even though I mined it when it was worth nothing, but that computer is gone.
369 said:
or even $100 ?
Click to expand...
I won't tell you 😉

26 July 2020
Gold price: $1901.85
Bitcoin: $9714.90

26 July 2022:
Gold price: $1,718
Bitcoin price: $20,871

2 years performance:
Gold: -9.67%
Bitcoin: +114.83%

What a bad ”decade” for bitcoin!

Ps. If you want to take the 1 january prices the story doesn't change.

Last edited: Jul 26, 2022
Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields

 
If it helps Zimbabwe reduce inflation its a win. It will be interesting to see how effective the implementation is and how it fairs over next few years.

Toggle signature
Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
JohnnyDoe said:
Ah ok, you derive data from 2 years thu&¤#

Zero. Even though I mined it when it was worth nothing, but that computer is gone.

I won't tell you 😉

26 July 2020
Gold price: $1901.85
Bitcoin: $9714.90

26 July 2022:
Gold price: $1,718
Bitcoin price: $20,871

2 years performance:
Gold: -9.67%
Bitcoin: +114.83%

What a bad ”decade” for bitcoin!

Ps. If you want to take the 1 january prices the story doesn't change.
Click to expand...
So why are you putting price to bitcoin or even calculating performance if you just post everywhere that 1 btc is 1 btc, you don't care about the price and bla bla bla ca#"! rof/%
 
jjrapy said:
So why are you putting price to bitcoin or even calculating performance if you just post everywhere that 1 btc is 1 btc, you don't care about the price and bla bla bla ca#"! rof/%
Click to expand...
Because I am comparing btc with gold using a common parameter. I could do the same using the usual Lamborghini: how many btc and how many kilos of gold did you need to buy one 10 years ago and how many do you need today? That's assuming someone is willing to sell a Lambo for some gold bars.

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields

 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

User Menu