Does gold and inflation actually correlate anymore in real life $1650 is looking good, if we consider that BTC is taking a sizeable amount of $$$$ in the alternate asset class. I think gold could have traded between $3,000 to $4,000 if BTC /crypto didn't exist. Late last year I had 5- 8% of my wealth in alternative assets, primarily Gold and BTC (BTC in and out) Since August 2020 to today BTC is 3 times the value of my gold, that is even after continual selling of BTC to keep alternate assets below 8% of my over all wealth.
If there's no BTC, there will be something else. It's the same in 2001, gold is not even considered an investment at that time. I didn't have a gf then, otherwise, I would have understood the value of gold.
Well, I didn't know that at least. Certainly didn't see any talk or news report about investing in gold. The early 2000s is all about dot com and property. But as it turned about Australian property turned out to be the best investment of the 2000s.
Plenty of stackers in 2000s and all the way back to 5000bc and all have been saying the same thing about when SHTF happens
I don't know what kind of SHTF, but I think the dollar isn't going away. You can see that the US can afford to wait another 10 years and still win by not doing anything. Other countries don't have much time to wait, that's why there's a lot of desperate actions and more desperate actions can be expected over the next 1-2 years. The US is now run by women, and women are good at bidding for their time.
