@saratov
Why are precious metals currently experiencing wild fluctuations as if they were shitcoins?
This question was raised by the well-known Bitcoin maximalist Jameson Lopp, showing that the recent volatility of gold almost perfectly mirrors the chart of the German mark during the Weimar Republic (Germany, 1914-1923).
Back then, the price of gold in local marks soared to 1 trillion (!!) marks. The German currency was dying from hyperinflation - it was printed non-stop. And gold wasn't actually "flying to the moon"; it was simply preserving its real value.
Thus, Lopp hints that history may repeat itself (but this time with the dollar and the euro). And don’t forget, your reposts won’t go unnoticed - I’ll respond to them with generous reciprocity 🔄🫂
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