lol, wtf. the shorts on finex are still there in their full 11k beauty...?!? wouldn't have thought.
This is awesome because it shows that this wasn't a covering rally like the last one.
RE: digital money beating gold. Cypherdoc I think that this is one of the smartest things you've said on this forum so far. You observed that digital money makes transmission instant and therefore can be deployed rapidly to calm panics, etc. That is, the physical act
of deployment can happen quickly.
I'd like to extend this a tidbit to also observe that unbacked money has the advantage that social/political advantage that the decision to transfer
can be made quickly and in a centralized fashion. That is, deciding to pull gold out of Fort Knox and send it to god knows where would probably require an act of congress and freak out the general public. But telling some bank that they can add a couple of zeros to their balance sheet, especially given that that money needs to STAY on the balance sheet to meet additional solvency regulations, seems to be done by a couple of people sitting in a conf room with no oversight or public knowledge of the situation. This may not be GOOD, but it let fiat beat gold...