mcliu

Yeah this is true. I have no idea and have no skin in the game. Just trying to learn about this subject. I think the counterargument (to gold's long track record) is that once humans invented lightbulbs, people stopped using candles? Fires were probably the main source of light at night for hundreds of thousands of years, but it got replaced by newer technologies.

Thanks, appreciate the response. How do you get comfortable with BTC taking this role instead of a different coin/ledger or a new emerging technology in the future?

Gold does have many applications, but the majority of its value is derived from it being a store of value. Human beings like gold because it cannot be replicated and there's a finite amount. In some ways bitcoin is similar. I guess Bitcoin is not really a coin per se, but a ledger? While it's possible to make bitcoin 2.0 and bitcoin 3.0 with the exact features as Bitcoin, the network effect makes the Bitcoin ledger unique. I guess with gold, it's literally impossible to find a great substitute with similar or better properties in the physical world. While with bitcoin, it is possible to create digital alternatives that one day may supersede it.. Like if people started believing in Litecoin or dogecoin and view that ledger as the true arbiter of what you own.. But network effects are difficult to break. If everyone believes the bitcoin ledge..

What’s the case for btc vs gold or btc vs gold-backed crypto?

SP500 vs Russell 2000 Tech companies and their few hundred thousand of employees and shareholders have done really well.. Not sure about everyone else.

Yes, it is difficult to reconcile. That's something you might have to ask Investor Relations. I see the value of office as per chart above decline from $570M in 2022 to $518M in 2023. Around -9% or $52M. But in the annual report, it shows a FV decline of $27.5M Meanwhile industrial value went from $345M in 2022 to $440M in 2023. An increase of $95M. The property acquisition of $36M and $33M FV increase. There's still $26M unaccounted for. Is it possible they reclassified a property from office to industrial? Typically these assets are valued individually. Each property will have it's own assessment. The cap rates are essentially a summary of the inputs used. I'm sure the company has the details.

Typically REITs just cap NOI, here we see industrial NOI growing, hence higher asset values. But don’t take managements word for NAV cause it is fungible using different inputs.

Hamas’ tactics is even more sinister than your examples because they’re trying to maximize Palestinian casualties amongst the weak and vulnerable in order to garner global outrage against Israel.

All those kids would be alive if your boy Sinwar didn't launch his idiotic attack to rape/murder/kidnap thousands of Israeli civilians including women and children and then hide his whole army and military infrastructure underneath Palestinian civilians. All your Hamas talking points have been refuted by various members on this message board and you have yet to provide a shred of evidence to the contrary. Seems pretty pointless to continue this conversation.

Same. I support peace. The faster Hamas and Hezbollah surrenders the faster we will have peace. How do you feel about Hamas using Palestinians as human shields? Or is that Israeli propaganda?

Maybe because of comments like this:

I hear you, the world is complex, people are complex, conflicts are complex. However there is a difference between impersonal political analysis like how you framed Iran’s retaliation on Israel and openly supporting Iran’s regime as they “teach Israel a lesson”. Look, I’m not judging, I’m just observing. People are free to support whoever they want, it’s a free country.

Why so silent on Hamas atrocities such as murdering Israelis and using Palestinians as human shields then.

@Xerxes

Bro, why don’t you read his post history in this thread. Dude defends Iran’s attack on Israel as self-defence. Why can’t he support hamas and why are you so sure of his position?

Hamas supporter ^

How do we know Iran isn’t a paper tiger? The media’s been claiming for years about hezbollahs capabilities and yet Israel effectively eliminated the command structure in two weeks..

https://holocaust.com.au/the-facts/the-outbreak-of-world-war-ii-and-the-war-against-the-jews/what-the-allies-knew/ As early as May 1942, and again in June, the BBC reported the mass murder of Polish Jews by the Nazis. Although both US President, Franklin Roosevelt, and British Prime Minister, Winston Churchill, warned the Germans that they would be held to account after the war, privately they agreed to prioritise and to turn their attention and efforts to winning the war. Therefore, all pleas to the Allies to destroy the death camp at Auschwitz-Birkenau were ignored. The Allies argued that not only would such an operation shift the focus away from winning the war, but it could provoke even worse treatment of the Jews. In June 1944 the Americans had aerial photographs of the Auschwitz complex. The Allies bombed a nearby factory in August, but the gas chambers, crematoria and train tracks used to transport Jewish civilians to their deaths were not targeted.

Bill Maher said something like: Hamas will wipe out Israel but can't. Israel can wipe out Palestine but won't. It's a war and full of shitty choices and collateral damage, especially against an enemy that uses human shields. Allied forces also killed a lot of civilians fighting Hitler. Maybe by today's standards that would be a genocide and war crime too? The US and Israel have both done some real questionable shit over the last 50 years. But if you had to pick teams and it's USA or Taliban or Israel or Hamas, the choice is pretty obvious..

Hamas: I want X Israel: I want Y Hamas: Ok, I accept X Media: Hamas accepts ceasefire. LOL

This is why mainstream media has lost all its credibility. They just accept whatever is said and pass it on as “news” as long as it fulfils their narrative.

I think CNBC said Jane Fraser was at the Berkshire AGM..

Nominal GDP was up 4.8% annualized. Seems kind of high for a rate cut. Also unemployment is only 3.8%.

Core PCE +3.7% but only +1.6% GDP? Just a quarter but are we seeing potential stagflation?

Wow. Is it really a hedge if the opportunity cost is 90%? 11k actual vs 100k “unhedged”. -50% over 20 years doesn’t sound like a hedge. Also this is a mutual fund not a hedge fund.. Pretty crazy that he can do this.