Hugh Hendry - The Acid Capitalist Unfiltered | #451
The Meb Faber Show - Better Investing
Why Would I Buy Again?
Gold often does exceedingly well in times like this where you may have negative rates or a negative yield curve. Now is when strangers, people you've never met are clearly buying the thing. If your wealth has denominated anything but dollars, it really feels good. The raison death road crypto is like gold has a nine trillion dollar market cap. We think our modern version of gold will replace the desire to hold gold. Therefore, no one will hold gold exaggerating somewhat, but ease of comparison.
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