DugandRupe on Nostr: Gm nostriches, fascinating to learn more about the current situation in the #gold ...

Gm nostriches, fascinating to learn more about the current situation in the #gold market (cheers Mark Moss). January historically a slow month for withdrawals, and BAM 💥 massive new record set. For me, a gold coin in the hand is worth 2 in an etf……… if only you could actually sell it without having to physically take it to a dealer.

Why share this on nostr? If all those #bitcoin ETFs aren’t being 100% honest, the same could happen, and when fractional reserve is called out, there will be a premium for self custody. In kind withdrawals could create fireworks!!!!

Anyways, #catstr and #coffeechain keeping me humble.