Though interesting both gold and bitcoin are down. When usually BTC seems to be a higher volatility S&P, where gold is often negatively covariant to it. Now though, people are just liquidating for cash bc of the crash I think, causing some opposite behaviors to mild downturns.
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not just cash... also stockpiling commodities... toilet paper > gold apparently
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Not sure where the mercantilism comes from but that sums me up!
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Zero-sum real value thinking
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Not scared of debt. Scared of malinvestment.
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These days the central narrative around gold is Central Bank Hedging Due to CBs being yugely inflationary
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The battles Schiff gets into with BTC are something. Him messing up his wallet password was
Yet, so similar. Dynamic=unstable? Maybe something in there with supply side vs. demand with no third option.Thanks. Twitter will use this to make your timeline better. UndoUndo
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