4min chapter

Coin Stories with Natalie Brunell cover image

Luke Gromen & Preston Pysh: Macro + Bitcoin Outlook for 2023 - "Mild Recession Not an Option"

Coin Stories with Natalie Brunell

CHAPTER

The Price of Oil in Gold Is Going to Have to Rise 10 Per Year

Luke Cumberland: I think that countries could move more toward the direction of a gold standard. He says if you need oil prices to rise 10 per year just to keep supplies up enough to keep the economy from collapsing and therefore debt markets from collapsing then your debt needs to match those rises. The only neutral reserve asset on central bank balance sheets that they can easily buy at the moment is gold, he says. Luke Cumberland: Gold looks like the best candidate in the foreseeable future.

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