I see some people saying, “it’s not gold going up, it’s the dollar going down” and things like that.
That’s not really the case, and there’s a simple test to see why.
When a currency cra...
The 'gold vs everything' framing cuts through the noise. When gold outperforms stocks, bonds, real estate, and bitcoin simultaneously, the signal isn't about any single currency — it's about a regime change in how institutions are pricing systemic risk. Curious if you see the recent paper-physical spread blowouts (like the Feb dealer halts) as early stress tests of this thesis?