Remind me again, when was the last time a fiat currency from a major global power lost half its value in 4 months? I am trying to compare this worthless fiat to "stable stores of value" like silver and BTC.
>>61844359Pff yeah kek that's a good point.
>>61844359In 2022 JPY lost 30% of its value over 10 months
Gold lost nearly half its value between 2011 and 2015. There's a difference between losing that much in 4 months and in 4 years, but many gold bugs also argue that the goal is value preservation for the long term, so it could be argued that the difference isn't significant. If we grant gold 10 years to recover its top value, we should also grant bitcoin some time.By the way, even PM merchants are calling gold a primarily speculative instrument at this time:https://www.kitco.com/news/article/2026-02-09/gold-and-silver-enter-new-high-volatility-regime-heraeus"In the latest update, the analysts wrote that gold has transitioned from a safe haven to a speculative asset."
>>61844494Well, it's also occured to me that the worst bouts of US inflation in the countries history occured on the gold standard and before the Federal Reserve existed.
>>61844494Gold has not transitioned into a speculative asset. It’s still a monetary hedge at its core, but in a highly financialized market, its short-term price action often behaves like a speculative trade.
k you can keep stacking US dollars and i'll stack gold/silverwe'll reconvene in 5 years
