Gold vs Bitcoin: both protectors

In this conversation, Pascal Huegli and Vincent Deluard, a director of global macro strategy at StoneX, shares their insights on the current economic landscape, particularly focusing on inflation, asset allocation, and the implications of political pressures on the Federal Reserve. Deluard argues that inflation has not disappeared and discusses the potential for fiscal measures, such as 'Trump checks', to influence the economy. He emphasizes the importance of gold and Bitcoin as protective assets against inflation and financial repression, while also critiquing the reliability of consumer price index (CPI) data. The conversation delves into the complexities of the labor market, the political dynamics affecting monetary policy, and the historical context of central bank independence. Deluard also explores the recent trends in gold and Bitcoin investments, highlighting the central banks' increasing purchases of gold as a response to geopolitical tensions and the perceived instability of the dollar. He suggests that investors should consider a diversified approach, balancing traditional assets with cryptocurrencies, while remaining cautious of the potential for inflationary pressures to resurface. The episode concludes with a discussion on the evolving nature of state capitalism in the U.S. and its implications for market positioning. 

Chapters: 

00:00 Intro 

01:04 Introduction to Inflation and Economic Outlook 

06:29 The Role of Gold and Bitcoin in Inflationary Times 

10:21 Central Bank Independence and Political Pressures 

19:28 Government Spending and Market Dynamics 

32:20 Investing Strategies in an Inflationary Environment 

46:29 Global Macro Perspectives and Political Dynamics 

Check out our sponsors👇 

https://mining.blockwaresolutions.com/lnms 

Blockware is a Mining-as-a-Service platform that makes it easy for anyone to start mining Bitcoin straight from home! Get $100 off your first miner with discount code LNMS🔥 

https://bitbox.swiss/lnms 

BitBox is the best in class hardware wallet, I personally trust and use! Get 5% off your first order with discount code LNMS🔥 

Follow Vincent Deluard👇 

https://x.com/VincentDeluard 

Follow me👇 

Twitter - https://x.com/pahueg 

Nostr - npub1qhx7lnggpv64f0wt5xyjj7h90qh5ewu35pspr66sj8alc4gvcfjqqn04l8 

Get the latest in finance, crypto, and Bitcoin. Our newsletter provides clear, concise and actionable insights. Don't miss out—check out our Newsletter and subscribe today! 🔥⬇️ 

https://substack.com/@lessnoisemoresignal 

Bitcoin Book 👇 

Order from Europe: https://www.amazon.de/dp/1967693013 

Global: https://www.amazon.com/-/de/dp/B0F9W8Y283 

Thank you for subscribing to our channel! We’re excited to have you with us! 

#inflation, #gold, #Bitcoin, #FederalReserve, #assetallocation, #macrostrategy, #Trumpchecks, #centralbankindependence, #economiclandscape, #financialrepression