There is a very strong case for other central banks to increase their reserves in gold because of the fact that gold is nobody's liability, and the dollar now clearly is. So i'm pretty positive gold, but it just doesn't trade well. It keeps trying to break higher and then fails,. And i think, you know, crypto currencyes actualy, much better bet for this em than bonds. I bought some call options on bonds, but i will probably over the next few months, look because i think growth means unyield.
Raoul Pal is the CEO of Real Vision, a cutting edge financial media company and also runs his own macro research business, Global Macro Investor. In this episode we discuss: - Raoul's 3 scenarios for how the war between Russia & Ukraine plays out - The outlook for different asset classes including stock & bonds, commodities & crypto - Why the tokenisation of culture through communities like Bored Ape Yacht Club are so significant We also talk about the practical implications of potential social unrest and how people should be thinking about their life choices in that context as well as Raoul's philosophy of living in the future.