$7 makes a lot more sense
I saw 7% on gold and was like holy shit - not only would that not make sense, but -7% for an asset like gold (over 10T market cap and 1000s of years of price discovery) would have been insane
The only -7% moves gold will be experiencing are against Bitcoin (superior money) not against the dollar. Even as shitty as gold has become as a poor unit of account, medium of exchange, and even store of value due to paper gold, it’s still going to infinity against pieces of paper
ZachF / Zach⚡️
npub1hy…3ntt0
2023-03-30 02:52:52 UTC
in reply to nevent1q…rqge
Author Public Key
npub1hymqekqgkf8vhlgr2a0n6cmmre3v48l2g9dvv7mvtvg7790j35rqh3ntt0Published at
2023-03-30 02:52:52 UTCEvent JSON
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"pubkey": "b9360cd808b24ecbfd03575f3d637b1e62ca9fea415ac67b6c5b11ef15f28d06",
"created_at": 1680144772,
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"content": "$7 makes a lot more sense\n\nI saw 7% on gold and was like holy shit - not only would that not make sense, but -7% for an asset like gold (over 10T market cap and 1000s of years of price discovery) would have been insane\n\nThe only -7% moves gold will be experiencing are against Bitcoin (superior money) not against the dollar. Even as shitty as gold has become as a poor unit of account, medium of exchange, and even store of value due to paper gold, it’s still going to infinity against pieces of paper",
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}