If gold is a good metric then the dollar and fiat currencies may be dying faster, but what about oil? Oil is stable or even going down depending on the chart period. Where is the truth in all of that? Maybe as fiat currencies are being destroyed faster the economic calculation is getting crazy, or maybe oil is not scarce at all as they told us in the 70' and 80', maybe there's more oil being produced than money being printed.
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13 sats \ 5 replies \ @Undisciplined 9h
Oil is not a store of value asset. It's price is determined by near-term supply and demand factors.
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42 sats \ 4 replies \ @88b0c423eb OP 9h
Yes, I agree but the propaganda is that it's scarce and we're using too much of it.
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0 sats \ 3 replies \ @Undisciplined 9h
It is scarce. That doesn't mean it's a great store of value asset and it doesn't mean it can't get less expensive over time.
Production technology has improved, new reserves have been found, and substitutes have improved. All of those put downward pressure on the price.
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42 sats \ 2 replies \ @88b0c423eb OP 9h
My point is it's getting cheaper in dollars terms and the dollars are much easier to create than oil.
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7 sats \ 1 reply \ @Undisciplined 9h
Perhaps there's a constraint on dollar production that you aren't considering
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42 sats \ 0 replies \ @88b0c423eb OP 9h
Maybe that's the case, while at the same time actors selling dollar and dollar bonds while buying gold
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0 sats \ 0 replies \ @035736735e 6h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.