I like Larry a lot, but posts like this make me question his intellectual discipline. He was a gold guy for so long that he can’t help but indulge in the gold delusion when price goes up.

Gold isn’t replacing bonds. Bitcoin is replacing bonds…and gold. And equities. And real estate. And base fiat money.

Even if there’s some component of a “trade” for Luke and Larry, Bitcoin is the best trade…and to boot, it saves humanity. Gold is a loser for both a trade and salvation.

The fiat hellscape is a tragedy for everyone on Earth and it needs to end immediately. Gold doesn’t fix the problem. No half measures. nostr:note15cqj6pyerhjdalwfeme860awc25e2cvqz5ndzflpcrjczyz40xhqwakhce