Wheres those GOLD bugs now?

imo it's a safe bet that with a 35 trillion and rapidly accelerating debt we're going to see $3k gold in the relatively near future

eta: and yes I realize I said that in 2020 but this time I mean it 😀

I've been long since 2019. I'm super bulled up now. Hoping silver and the miners can catch a bid too

Peter Schiff is my favorite

No it's not.

CNBC is telling people not to buy Gold.

Interestingly, GLD has seen outflows as the price of Gold has been rising.

Pension funds, Hedge Funds, Endowments, Young People who prefer Bitcoin, they don't own any Gold.

Everyone has been so conditioned to buy the dip in over valued tech stocks, that there portfolios are completely unprepared, for a period when inflation is very high.

Gold bugs can now borrow a stablecoin on Ethereum using GOLD as collateral.

I.E. $10,000 in gold - you don't have to sell.
Mint $1-$7500 worth of stablecoins (75% MTV mint to value).

Use those stablecoins to buy BTC. Pump our bags Peter Schiff.

There's only $500M gold usable as collateral (xAUT) right now so aUSDT won't overtake USDT/USDC anytime soon. But it will definitely add to cryptos market cap over time.

Central banks accumulating gold the past 2 years, can you imagine them using gold reserves to build up their BTC reserves in 2025+....

So quiet ….

Gold has done well in the past year. At the same time there’s numerous equities such as AMD or Rigetti computing that have done far better.

They realized that this thread is haunted and to post is to top tick it.

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