Heck, our politicians are at the point where they're taking their bribes in pure gold (see NJ's recent senatorial shame).
A good friend of mine is the son of a former hedgefund manager... who told me in 2018 "owning real gold is foolish;" in 2024, he's recently told me about his expanding gold collection.
I have made even more returns on silver/BTC, but anything "real" is probably durable enough to last for (hopefully at least) another decade of keep kicking the can down the road...
Quoting my favorite family member of The Silent Generation (pre WW2 birth), "Nobody wants to be the last one at the party, because then you have to help clean up all the mess!"
It's happening, real-time. Yes. All "trickling up," exactly as-designed: into more-durable asset classes, largely unaffordable to Joe American.
Just for reference, a troy pound of gold currently trades for around $30,000; whereas in 1970 the same mass was, officially, $420.
e.g. Multiple OPEC countries trading oil in non-USD transactions (against policies to only do so, set since early 1970s).
e.g. 2020, largest publicly-traded company was a state-run oil extractor (Aramco), worth barely only $2 trillion [two million million dollars]; 2024 (so far) there were THREE $3T+ marketcaps, each a massively-inflated evaluation; bitcoin is more-stable & more-valuable than most tech stocks
e.g. #100 publicly-traded asset (by market cap), in 2020, was worth approximately $110B; #100, in 2024, is worth approximately $155B
Never forget that Nixon prosmised, just as countless other politicians are trained to do: that this suffering is only TEMPORARY. They're technically not incorrect, when temporal definitions are left undefined.
A good friend of mine is the son of a former hedgefund manager... who told me in 2018 "owning real gold is foolish;" in 2024, he's recently told me about his expanding gold collection.
I have made even more returns on silver/BTC, but anything "real" is probably durable enough to last for (hopefully at least) another decade of keep kicking the can down the road...
Quoting my favorite family member of The Silent Generation (pre WW2 birth), "Nobody wants to be the last one at the party, because then you have to help clean up all the mess!"