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I want you all to note: √ Stocks are Down √ Crypto is Down √ Gold is Up This says a lot about how investors see where the economy is headed.
by FollowingTheDao 4y ago
I want you all to note:
√ Stocks are Down
√ Crypto is Down
√ Gold is Up
This says a lot about how investors see where the economy is headed.
- notch898a 4y agoBeing a gold bug is irrational because gold is backed by "it's pretty" but paper is backed by men with guns. People often forget.... so is gold. And it's much harder to print. Plenty of the people with guns want gold. In fact in the lawless parts of Brazil/Guyana/Bolivia even unschooled forest dwellers pay their "tax", trade, create debts, hire security, and buy food with it all with minimal friction in handling it. Plenty of people hate on gold, but it is the tongue that everyone understands.
- FollowingTheDao 4y ago> Being a gold bug is irrational Then why is it up 1.8% right now? It does not matter if it is rational or not, it is signaling how investor see the economy. Gold is safe. Always.
- DANmode 4y agoHot take: average trader isn't actually a master of all systems, just good at game theory.