To investors, Gold hit $2,400 over the last 24 hours, which is a new all-time high price for the precious metal. Most of you would not expect me to cover gold given my interest in bitcoin, but I think there are a few things worth calling out related to the recent rise in gold.
The return of the Gold Standard. This debt society cannot function nor sustain itself.
The historical data about gold vs bonds was interesting.
I was also surprised to find this 2021 Ray Dalio quote when researching my recent article:
“Personally, I’d rather have bitcoin than a bond [in an inflationary scenario].” “I have some bitcoin.”
https://ryanwalsh.substack.com/p/bitcoin-bullshit-plus-the-truth
https://www.coindesk.com/markets/2021/05/24/ray-dalio-i-have-some-bitcoin/
US has unleashed the Pandora’s Box by confiscating FX. Short sighted and will come back to bite us.