I'm sorry, but listing prices in 1971 when gold was $35/oz and the concluding gold is comparable to the dollar/bonds over that same time period and it has negative real return is insane. CAGR of gold is roughly 8% since going off the gold standard (using $1750/oz price as gold today). This is a fact.
Furthermore as an example taking the facts you outlined, a new car in 1970 was avg $3,500 = 100oz of gold at that time. That 100oz of gold today would be roughly $175,000, more than equivalent to an average new car price today. But you swept over this fact that gold has more than held the owners level of purchasing power.
Bitcoin is not a proven store of value. There may be implied value, but no intrinsic value. This article is coming from a typical Bitcoin maximalist pushing the false narrative that BTC is some how the "new" gold.
This is embarrassingly bad analysis by graph innuendo. Many things changed in the 1970s. No serious economist with statistical skills and an understanding of casual analysis who has looked at the trends you illustrate has ever concluded that ending the gold standard was a key reason.
I have been subscribed to this audio newsletter for a few months now and I love it. Ive Learned a ton. However, I started having audio issues last week with low volume capacity on all the devices I tried to listen to it on. Now this mondays update, I get no audio. Anyone else having issues?
No audio at all
No Audio here.
nada here
I'm sorry, but listing prices in 1971 when gold was $35/oz and the concluding gold is comparable to the dollar/bonds over that same time period and it has negative real return is insane. CAGR of gold is roughly 8% since going off the gold standard (using $1750/oz price as gold today). This is a fact.
Furthermore as an example taking the facts you outlined, a new car in 1970 was avg $3,500 = 100oz of gold at that time. That 100oz of gold today would be roughly $175,000, more than equivalent to an average new car price today. But you swept over this fact that gold has more than held the owners level of purchasing power.
Bitcoin is not a proven store of value. There may be implied value, but no intrinsic value. This article is coming from a typical Bitcoin maximalist pushing the false narrative that BTC is some how the "new" gold.
no audio bro
No audio
no Audio Pomp! please fix
Dead audio! From Bitcoin to Fiat!
from low to no volume :)
No audio
This is embarrassingly bad analysis by graph innuendo. Many things changed in the 1970s. No serious economist with statistical skills and an understanding of casual analysis who has looked at the trends you illustrate has ever concluded that ending the gold standard was a key reason.
I have been subscribed to this audio newsletter for a few months now and I love it. Ive Learned a ton. However, I started having audio issues last week with low volume capacity on all the devices I tried to listen to it on. Now this mondays update, I get no audio. Anyone else having issues?
Same, no audio for me either. I'm really looking forward to this one!
I'm not sure why Pomp isnt getting the message about his audio issues. I'll reach out to someone who may be able to contact him