Discussion – US Dollar v Gold and Bitcoin
Background
Gold hit an all time high today closing above $4000 and ounce, while the US Dollar is down 10% and has been part of a strategy known as the “debasement trade”.
Read Reuters article: Gold Safe Haven
We talk about what is happening to fiat currencies around the world. And how gold has always been considered “real money” as Ray Dalio keeps talking about.
If you take a look at the graph below, you can see that perhaps the great returns of the bull market, maybe aren’t so great when measured in terms of adjusting for inflation in terms of gold instead of CPI
Read Bloomberg article: Dalio echoes Griffin in seeing gold safer than US Dollar
The Silver is Mine the Gold is Mine
Haggai 2:8
Ken Griffin, CEO of Citadel (one of the largest market makers in the world) is highlighting that the price of gold, inflation climbing and the dollar dropping 10% in the quickest period of time for the last 50 years. All these things are a warning…
Watch Bloomberg Video: Citadel’s Griffin Calls Rush to Gold as Safer Asset ‘Concerning’
Silver and Gold have I none. In the name of Jesus rise up and walk!
Acts 3:6
Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal; but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also
Matthew 6:19-21
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