I know gold has performed amazingly well over the last two years. We are talking multigenerational abberation in gold returns. And you know what? Good for the gold bugs. Their once or twice in a lifetime bull run has allow the gold price to recover to being only 50% down in bitcoin terms when compared three years ago…Bitcoin is twice as expensive in gold today than it was 3 years ago. I’m cherry picking over the last three years, because if you pick 1 or 2 years gold clearly is the winner…but the last two years of massive gold gains only rewound the clock 1 year… It is only polite to let the Peter Schiffs of the world to have their 15 minutes.

You know what bear market really sucked? 2013-2017…it was long and the corresponding bull market was less impressive than the one we were recovering from.