Olive Grove Eggs on Nostr: Found myself defending gold when talking to a trader. Ouch. I did it on behalf of the ...
Found myself defending gold when talking to a trader. Ouch.
I did it on behalf of the hard asset community! And a reaction to the charge that convicted Bitcoiners are too conservative.
For them everything is a dollar accumulation trade, even bitcoin. They say gold is a lame duck. No returns worth a dime.
I suggested that gold is the enemy of fiat, the asset that traditionally would reveal the failings of fiat. Suppress the dollar price of gold, hide the fiat fraud. If hyperinflation kicks in, gold's past performance will have nothing to do with future returns. Not heard back. Have I got it wrong?
Bitcoin is the fastest horse etc etc, but holders of gold surely sleep well too.
I did it on behalf of the hard asset community! And a reaction to the charge that convicted Bitcoiners are too conservative.
For them everything is a dollar accumulation trade, even bitcoin. They say gold is a lame duck. No returns worth a dime.
I suggested that gold is the enemy of fiat, the asset that traditionally would reveal the failings of fiat. Suppress the dollar price of gold, hide the fiat fraud. If hyperinflation kicks in, gold's past performance will have nothing to do with future returns. Not heard back. Have I got it wrong?
Bitcoin is the fastest horse etc etc, but holders of gold surely sleep well too.