iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,445 Blog Posts

Gold is Not Money

I write to you on this fine afternoon with beefed jerky in my mouth. I am trying to accustom myself to the blue collared American experience once again. Its been a long time since I’ve delved inside of the sewer pipes to devour carnivale food. With gold and silver getting their faces kicked in today, I thought it was only apropos for Le Fly to immerse himself in the depravity of these gold bugs, by way of eating beefed jerky and maybe even a little swill from the can.

I understand these people partake in gold via 3x leveraged ETFs. I’ve always found that to be a curious way to lose all of your money. It seemed reckless, even retarded, to the layman–even small children could decipher the toxic elements surrounding such an adventure into a world of bankruptcy.

Yes, it’s true, all of my largest positions are higher. Le Fly simply doesn’t enjoy the gamble like some of you, which is why he is, instead, eating beefed jerky and pretending to have lost his entire portfolio to a 3x gold ETF today. I even tried to induce tears, pretending that I lost my house and car to a margin call gone awry. Unfortunately, I am not a very good actor, an even worse liar.

I stand before you in a position of dominance, alpha predator amongst shit throwing apes.

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6 comments

  1. UncleBuccs

    Perhaps a delicacy from Little Debbie for dessert?

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  2. zuulzuul

    Gold is money in the sense that both gold and money have value in the sense that we can’t trust fiat in the sense that everything is just what you believe in the sense that perception is reality in the sense that shadow banking.

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  3. jonny

    I am going to file this post right next to http://ibankcoin.com/flyblog/2014/03/20/markets-dont-go-down-in-march-april/

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  4. vandamme

    Nugt looks good here tho

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  5. juice

    wonder what the Jaked Ginted one is thinking & doing on a gold fingered day like today

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