What correlation?

Morning Porridge/Bill Blain/2-11-2021

cartoon of lemming going over a cliff, one has a gold parachute“Yes… Buttcoin is terribly clever. Yes… it might replace fiat currencies if fiat currencies collapse – but so could cowrie shells. I think if you end up stuck in a desert and arrive at the proverbial oasis, the proprietor will sell the last bottle of water to the traveler with the gold bar rather than the one brandishing a crypto-wallet.”

USAGOLD note:  That is about as candidly and bluntly as it can be said …… Blain once again cuts to the core in this lengthy piece on the current speculative excesses.

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