Ryan
👤 SpeakerAppearances Over Time
Podcast Appearances
So you see that.
Yeah.
Well, it's a replacement of the assets.
I don't know who put it in yellow though.
Yeah.
If you look at the stock, I know we talked about this in our Luke Grauman episode, but this is the, if you measure stocks, US stocks in gold, they just hit a 12 year low if you use gold as the denominator here rather than dollars.
Wow.
All right.
So like stocks aren't really moving in gold terms at all.
Yeah.
And this floated up in my timeline.
It depends how far you zoom out, but this floated up in my timeline.
David, I thought you'd enjoy this.
This is an Olympic medal in 1908.
It was 100% gold.
And this is an Olympic medal today.
It is only 1% gold.
And I was just thinking, this is the most Seyfriedina Moose thing I've ever seen.
We now have Fiat Olympic medals, like quite literally.
Now, if you want to read the Bitcoin standard, guys, it is the Bible for that way of thinking about the fiat way of the world.