Paper value owners must watch out because they have build their dream castle on quick sand. Gold holders must watch out due to the danger of state criminals installing another prohibition. Stock holders must watch out because of companies imploding are not value and the stock ownership cannot be hidden from the state: penalties on stocks can be installed like on any other known property, in many forms, mostly "taxes" and trading fees. After the second world war, Germany for example had land and house owners with debt-free property being plundered with state-installed mortgages of up to 50%, and stocks being obviously devalued for as obvious reasons.
No matter what our strategies are and were, stocks or ETFs or cash or bonds or diversification or bitcoins or gold or land/house property: WE ALL ARE IN HIGH DANGER. The whole system is to suffer a core meltdown.
https://www.zerohedge.com/markets/crazy-days-money
Quote:
One reason bitcoin holders see bitcoin becoming the new money is the gold prices’ muted response to increasing monetary debasement, compared with that of bitcoin. It is also argued that when investors would previously hedge fiat debasement by buying gold, they are now buying bitcoin.
There may be some truth in the deflection of buying from gold into bitcoin. But the argument fails when it is realised that the vast majority of buyers of bitcoin anticipate selling for a profit in the buyers’ base currency. - [Ha! I am telling this since years!] - The similarity is not with physical gold, but with investing in mines, ETFs and paper gold.
The real reason for gold’s underperformance is the establishment’s long-established antipathy towards it, something that should serve as a warning to hodlers of bitcoin. To regard gold as sound money is to turn one’s back to Keynesian macroeconomics, something the US Government, with its interest of promoting and retaining dollar hegemony has actively discouraged. In order to absorb demand for physical gold it has fostered the growth of paper markets, which can be expanded by the bullion banks at will. This policy goes beyond precious metals and includes base metals and other industrial raw materials as well, allowing the dollar to retain a more stable value measured against them than would otherwise be the case.
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