Sometimes I think about golds upside.

My thinking is sovereign debt defaults.

If gold is worth $$$… then that’s because so much debt in circulation…

Debt defaults destroys this. We saw this in 2008 and 2020 to a very small extent.. and look at the hit gold took.

Shouldn’t gold be priced less?

I think we will have a burn out run in gold.. and it will collapse.. with the currency its priced in.

As long as fed can continue the show… printing debt into existence.. or now the govt via fiscal stimulus… gold has upside…

But when we approach the real end game.. and the market starts to sniff it out…

Thats the end for gold.

I HAVE NO IDEA WHATS NEXT.

Tell me I’m wrong… please.