Gold as money, not a commodity
The guest argued that due to geopolitics and major economies' debt positions, gold has transitioned from a commodity to being money.
Keep reading this one
You've read the thesis and who argued it. A free account opens the argument, what validates it, the risks the show raised, and the moment in the episode where it was said — 3 ideas in full a day, no card.
The Callback
Physical supply tightness drives structural precious metals bull case
61 weeks between these two statements.
The guest argued that gold is a unique asset that can act as a cheap convex hedge against a potential US debt or treasury market crisis, as its volatility increases as its price rises.
The guest argued that due to geopolitics and major economies' debt positions, gold has transitioned from a commodity to being money.