How to make money through PI? See how the smart old man does it.
Thoughts triggered by Jinan grandpa helping to download and register PI (200 at a time)🤔
First, let me ask you a question: Do you know how the Trump family made its fortune?
During the Gold Rush, the people who made the big money were often not the gold miners, but those who provided goods and services to the gold miners. This phenomenon was particularly evident during the California Gold Rush (1848-1855) and the later Klondike Gold Rush (1896-1899) in the mid-19th century.
The industries that really made money during the gold rush era:
- Tool and equipment suppliers: Gold prospectors need tools such as pickaxes, shovels, and pans, and many merchants make a fortune by selling these tools. For example, Levi’s jeans, founded by Levi Strauss, are durable clothing designed specifically for gold prospectors.
- Food and drink supply: Gold prospectors need food, and many people open grocery stores, bakeries, taverns, etc. The prices are much higher than in normal areas.
- Real estate and accommodation: After the rise of the gold rush town, house prices and rents soared, and the landlords who provided hotels and houses made a fortune.
- Entertainment industry (casinos, bars, pornography): Gold diggers are mostly single men who need to relax and have fun after making money. As a result, casinos, brothels, and bars have become highly profitable industries.
- Finance and banking: Gold diggers need to store gold, and many banks and gold dealers make profits by exchanging and storing gold.
The Trump Family and the Gold Rush Era:
The Trump family’s wealth does date back to the gold rush, not in California, but in Alaska and Canada’s Klondike Gold Rush (1896-1899).
- Donald Trump's grandfather, Frederick Trump, immigrated to the United States in the 1890s and went to the Yukon Territory of Canada during the gold rush, where he opened a hotel and restaurant, mainly providing food and accommodation for gold prospectors.
- His inn, the Arctic Restaurant and Hotel, offered not only food and beds, but also gambling and sex, which was common in gold rush camps at the time.
- Because he made a lot of money, he got out in time before the end of the gold rush and returned to the eastern United States to invest in real estate, laying the foundation for the Trump family's wealth.
So, the Trump family did make their first fortune by running hotels and the sex industry during the gold rush, but they did not actually go panning for gold. Instead, they made their fortune by relying on the "demand of gold diggers." This also confirms the famous saying:
During the gold rush, the real money-makers were the ones who sold the shovels. $BTC
