Comment by randomtoast
6 hours ago
If you make a prediction that the stock market is about to collapse every year, then one year you will eventually get it right.
6 hours ago
If you make a prediction that the stock market is about to collapse every year, then one year you will eventually get it right.
The market can remain irrational longer than you can remain solvent. But why do you think gold has tripled in price?
1. Mass hysteria.
2. Central banks rotating into gold to de-risk from USD combined with their usual slow bureaucratic processes. By the time they've decided that gold needs to be bought, the price has already run up by 50% and it's no longer a good idea to buy, but they still need to execute on their decisions anyway.
The USD isn't going anywhere for the simple reason that the USA can simply counterfeit any non-USD currency and there's nothing the issuer can do about it, whereas if anyone tries to counterfeit USD, they should expect a nice little missile to land inside their room no matter where they are in the world. "Reserve currency" status is entirely based on how effective the issuing entity is at taking care of counterfeiting.
North Korea is a prolific USD counterfeiter. Where are the missiles?
Digital currencies can't be counterfeit. China is cashless, so are some parts of Europe.
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