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Hedge Against Perpetual Currency Debasement with Gold & Bitcoin

December 16, 2019

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Hedge Against Perpetual Currency Debasement with Gold & Bitcoin

“We should be happier to have a job than to have our savings protected… I think that it is in this spirit that monetary policy has been decided by my predecessors and I think they made quite a beneficial choice.”  Christine Lagarde, President of the European Central Bank

Translation. If you care about the purchasing power of your money, and, as Einstein observed, the power of compound interest, forget it. The value of real estate and stocks are tied to the ongoing ability of the Central Banks to debase money and belief in the Phillips Curve. That debasement of money creates prosperity – It does not. There are only two ways to hedge in the case they are wrong. Bitcoin and gold. To hold neither is to believe we can debase forever without consequence and be 100% certain of that. If there is even an iota of doubt, you are financially irresponsible to not hold some bitcoin and some gold. And you want to hold both. And keep it in your physical possession to avoid counterparty risk.