Midas of DeFi
182 posts
@midasofdefi
Hold $MIDAS, Earn $PAXG | Automatic gold reflections to holders CA: 0x5accb2e5c22d84bc2e34DEcD9B769a0C46b0DEba
BREAKING: Gold futures extend gains to +3% in the day, now above $4,450/oz. Asset owners keep on winning.
JUST IN: 🇺🇸 White House says "welcome to the Golden Age."
BRICS Ditches Dollar for Gold, Bloc Now Controls 50% of Global Supply watcher.guru/news/brics-dit…
China’s purchases of gold are fueling gold's bull market. China is officially the number one buyer. If that’s not enough, experts think that unreported Chinese buying is ten times higher than the official data. BUY GOLD. WEAR DIAMONDS.
BREAKING NEWS SWISS GOLD REFINERS ARE INTERESTED IN SETTING UP SHOP IN THE UNITED STATES IN THE FUTURE Golden age?
JUST IN: $750,000,000,000 added to Gold's market cap today.
Gold is quietly pushing toward $4,100/oz amid the US government’s funding deal. Now just 7% away from new record highs. Gold knows deficit spending is only going up.
The world's largest stablecoin now holds about $12.9 billion worth of gold. Massive position.
The @CNBCFastMoney crew agrees gold’s topped and is headed much lower. Their forecast is $3,600, over 10% below the current price and almost 20% below its record high. Meanwhile, no warning that Bitcoin may plunge. That’s a great contrarian indicator to sell Bitcoin and buy gold.
How much gold to buy
According to a survey done by the Official Monetary and Financial Institutions Forum, one-third of the 75 central banks surveyed say they plan to increase gold holdings within the next 1-2 years. They’re following the advice of yours truly. BUY GOLD, WEAR DIAMONDS.
It’s amazing how many Bitcoiners who support and regularly use stablecoins claim tokenized gold is a scam. Their issue is having to trust a third party to hold their gold. But how is that different from tokenized dollars, where you trust a third party to hold your dollars?
According to J.P. Morgan, Gold could SKYROCKET beyond $8000/oz by 2028 as investors increasingly use it to hedge equity risk. That's even above my forecast of $6,000/oz. BUY GOLD, WEAR DIAMONDS. x.com/KobeissiLetter…
Central bank gold holdings are rising, per FT:
Gold is leading NOW. Bitcoin will follow SOON.
The debate is on. @cz_binance and I will debate Bitcoin versus tokenized gold. We just need a moderator. Who do you think is best suited for the task?
BREAKING: Shanghai gold warrants have now risen to a record 86,565 kilograms this week. A gold warrant on the Shanghai Futures Exchange is a digital certificate that proves ownership of physical gold stored in an exchange-approved warehouse. This marks a 28-FOLD increase since 2024, signaling an unprecedented surge in gold purchases by Chinese investors. So far this year, Shanghai gold warrants have surged +570%. China’s gold purchases are unprecedented.
We just witnessed history: Yesterday, gold prices fell -5.7%, marking the largest 1-day drop since April 2013. This is a ~4.5 sigma move. In other words, such a large move only happens in 1 out of 240,000 days in a "normal" world. What does it mean? Let us explain.
