what if the gold market isn’t corrupted by paper gold and that’s just the natural size of gold, since people moved to better things like stocks, bonds and real estate? real actual gold in custody is pretty dumb at this point in history

it’s too analog. too expensive to protect and verify and impractical as collateral

gold lost because it was gold

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Nah gold is definitely corrupted by paper, but then so is every market where paper is essentially free and disconnected from the underlying.