@ScottiePippen You gave and received many great assists during those Bulls' years. My favourites were those long, full court passes to you from Kukoc (The Waiter). π
To be fair, the same could've been said about Apple or Amazon as they moved from their original products/services unto current, much larger models. Markets look forward, hence the stock premium. But, we also must acknowledge the execution and math must also make sense so time will tell.
I'm not invested in either. But I know of someone who came from Sudan with his family a while ago and a colleague who works for Doctors without borders and has been to a few scary locations. If you think confiscation of people's wealth doesn't happen whether government or whoever is in charge you're sadly mistaken. Hate to see normal, hard working people lose it all. But it happens all over the place
Honestly love your work and ideas. Also love silver/commodities/etc. Agree most of crypto is useless and will go to zero. That being said, the fact we are at the point as a society where cell phones are cheap enough for a foreigner living in a foreign land with lousy leadership that will unbank or weaken their hard earned work to store some sort of electronic value and take it with them wherever they go... I do believe that's a little more useful than a bag full of shells or pounds of silver that will be confiscated. The Mandibles (Lionel Shriver) had its flaws but the basic concept is intriguing for gold or an electronic safe haven. Choose your parachute.
@dampedspring It appears Gold is up ~25% since my reply. If these levels stick, these insurance companies holding some Gold weren't making a bad move after all? Perhaps having a hard asset as a reserve could in theory be an okay idea. Appreciate your thoughts... I know very little but it just appears like a simple thing to do.
Thoughts on why the recent change in China: Recent developments in China's financial regulations have paved the way for other types of companies to enter the gold market. The government has begun to permit insurance companies to invest in gold, a move that could see large insurers build up gold reserves as part of their investment portfolios.