PortalsOS

Related Posts

Vote to see vote counts

Podcast artwork
Prof G MarketsThe AI Bubble Is Real β€” Here’s...

Gold's current status as a risk asset challenges its traditional role as a safe haven. Its rise is driven by momentum and speculation, not intrinsic value or central bank actions.

Gold hit $4,000 for the first time ever, up 121% since the end of 2022, and more than 50% so far this year. It's the best performing asset class of the year, outperforming Bitcoin.

Podcast artwork
TRIGGERnometryWhy Your Money Buys You Less E...

Investing in physical gold offers a private and secure way to protect wealth. Unlike digital assets, gold is a tangible asset that remains safe even if the banking system falters.

China has been the world's largest gold producer since 2007 and is also the largest importer. It's estimated that China may hold up to 15,000-16,000 tons of gold, potentially surpassing the US.

Throughout history, gold has been melted down and repurposed, erasing its provenance. This means that a piece of gold today could have been part of ancient artifacts or even handled by historical figures.

Gold's permanence and immutability make it a fantastic store of value. Long after digital technology and Bitcoin are history, gold will remain exactly as it is, offering a timeless form of wealth preservation.

Gold and Bitcoin are non-government forms of money that cannot be debased, offering protection against currency devaluation. They may play a crucial role in the future.

When gold was money, the only way to create cash was by mining gold, a dangerous and expensive endeavor. Now, with no gold standard, money can be created through various means, such as printing money and issuing debt.