- Nov 25, 2013
- Reaction score
So we're clear, you're saying paper gold did not go from 1455 to 2070(+42.3%) during the period beginning 3/16/2020 and 8/3/2020? ...I happen to know that it did, so I guess I'm asking why you're saying it didn't when I know it did. Paper silver was as low as 12 bucks in March of 2020 and is now over twice that. It's actually bitcoin that has done little since then. It seemed clear to me by Feb of 2021 that bitcoin was overbought and would be taking a nap and that the metals were going to run...and I said as much at the time while I was putting my money where my mouth is.Gold has been consolidating for years that bitcoin has been ramping higher...
Gold consolidated from August of 2020 to January 31 of 2022 and is now running again. You really should update your charts...they seem to be malfunctioning.
Is this to say that because you don't recognize how maths work that you refuse to acknowledge maths? A ratio is one number divided by another. It's not real tough to calculate. You even quoted me listing ratios from a year ago and today...where do you suppose I got them from? The beauty of not liking fiat dollars is that I needn't think in fiat dollar terms all the time.Gold and silver have an established relationship and ratios can make sense, but no such thing exists with gold and crypto.