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Snoop Floki Dog💎 | Community Centered Token | Airdrop | Fun zone🎮 | NFT incoming | x10 Potential
🔥Rock Token launching soon. Presale Soon. Don't miss the train on this token.
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280 oz AU is £450,000 (GBP) or $578,000 (USD). Pretty standard for an MCOL SFD in either country. Dunno about gold prices in Australia.
> the name of the game is USE cash to HOLD desirable assets and ride the wave of their price appreciation LONG TERM ie YEARS ;DECADES. You know, I'm not sure that's been possible for the *average* Joe for the last fifty years. Consider: the price of a typical SFD has been static in gold at around 260-280 ounces over that period. The price in fiat has gone up by a factor of 30-ish. Oh wait, that's 7% a year which is the average rate of price inflation over that period. But what about wages? Well, Joe should be earning almost ***double*** what he currently earns, to have kept pace with the buying power of the wages of Grandpa Joe. In effect, Joe's wages (buying power) have halved. Joe doesn't have the spare cash to even buy a roof over his head. Joe is screwed. So how come the top 1% share of total wealth has gone from 30% to 69%? Ever hear of Cantillionaires? Works like this: money printer go brrrr, cheap loans for those close to money printer (2% or less), buy assets like stock or real estate returning 6 or 7%, pocket the difference. Rich get richer by ***stealing the wealth from Joe***. And as long as you are bound to the Wheel of Fiat, you will be forever flayed, a little strip at a time. Bitcoin offers a way out. Stack Sats STFU, and you know the rest.
But the guy from circle is arguing this related to real regulations modification: ["On June 28, 2023, the European Commission (EC) published a set of new legislative proposals, notably for a Third Payment Services Directive (PSD3) and a Payment Services Regulation (PSR)."](https://www.europeanpaymentscouncil.eu/news-insights/insight/what-do-psd3-and-psr-mean-payments-sector) In the same page: *• We propose to modify the Settlement Finality Directive (SFD) to enable non-banks to access payment systems. We also propose remedies to the recurring ‘de-risking’ problem faced by some Payment Institutions (PIs) and E-money Institutions (EMIs), which should substantially improve their capacity to open and maintain bank account*s. "
I don't think the amount matters. Who cares what the fiat equivalent number is, today or in 2030 after much debasement. On the other hand, I think many people use a fiat number as a mental shorthand for **purchasing power**. Put it another way, people could ask *when does 1 BTC = US SFD* ($410K today, maybe $650K by 2030?). All comes back to mindset. An SFD is an SFD, no matter the year or the degree of debasement. Also, 1 BTC = 1 BTC, now and always.
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Why not $100 million by the end of November? SFD