Gold had its biggest golden opportunity to shine during the last 18 months or so. And it sucked, especially compared to bitcoin. Why such strong faith ye goldbugs?
I’m not a gold bug, but the counter argument here could be that precious metals are heavily controlled. Many multiples of metals on paper exist in the world than physical exist. With that much leverage, London can set the price of gold to whatever they want (until the financial scheme unravels). And it won’t unravel unless the system topples, probably wouldn’t even if the all the gold holders demand delivery. And if that’s your premise - the belief that the system cannot cold, I think it’s fine to hold, especially physical. In that situation, Gold/metals would skyrocket 10s of times over.
And yeah, bitcoin looks great. It’s been less volatile than sovereign currencies lately. More transparent than gold at least. I’m curious how a collapse treats it.
Gold had its biggest golden opportunity to shine during the last 18 months or so. And it sucked, especially compared to bitcoin. Why such strong faith ye goldbugs?
I’m not a gold bug, but the counter argument here could be that precious metals are heavily controlled. Many multiples of metals on paper exist in the world than physical exist. With that much leverage, London can set the price of gold to whatever they want (until the financial scheme unravels). And it won’t unravel unless the system topples, probably wouldn’t even if the all the gold holders demand delivery. And if that’s your premise - the belief that the system cannot cold, I think it’s fine to hold, especially physical. In that situation, Gold/metals would skyrocket 10s of times over.
And yeah, bitcoin looks great. It’s been less volatile than sovereign currencies lately. More transparent than gold at least. I’m curious how a collapse treats it.
This explains how gold was manipulated against us in the past: https://odysee.com/@KnowledgeBase:e/Bill-Still-The-Money-Masters-Full-Documentary-1996:7