The governmyth says inflation is decreasing and that may be true. However, averages dont lie and looking at the average price of gold, silver, and Monero from the beginning of 2023 until now all three show an average increase of 10% to 12%. Now, since gold and silver are hard assets and Monero is as good as, what does that tell you? It tells me that i have to spend 10% more than i did at the beginning of the year. Which is why i hold very little money in dollars.
and that is with hardcore manipulation, in reality gold, silver, and XMR would be up like 50% against fiat every year
The official inflation numbers bear no relation to reality. Also, going up at a slower rate than last month is a reduction in the rate of increase, but not an actual negative real rate. We haven’t seen that in ages, and that’s by design.
Also, should a financial implosion occur, such as a liquidity shock, a blow to the credit markets or bank failures and so on, you will likely see crypto, metals and commodities shit the bed along with the rest of the market in a rush to cover bad bets and try to find “safety” in the storm. Then afterward they may all shoot the moon again after the dust settles. At least that’s my read.
Edit: I also would be very careful writing an obituary for the dollar. Being immoral and backed by a corrupt system, plus knowing it will ultimately fail, does not mean your (or my) timelines for this will play out. I think it may find unexpected strength and resilience while the empire continues its march of decline.
See Brent Johnsons Dollar Milkshake theory for one proposal on how this may play out. He has many interviews with people and perspectives that challenge him and his theory, and listening to the arguments for and against will give you better context.
Oh, I suspect that medals and Monero would shit the bed along with the rest of stocks and other things in a market implosion. However, I would not expect them to fall as far and stay down as long before recovering. I appreciate the reading suggestions. I recently read the Monero Standard and they mentioned that the farther the dollar falls, the more people will leave it and the more dollars it will take for enforcers to enforce the dollar hegemony.
Good thoughts. I’ll keep reading and watching and listening and learning. Glad you seem to do so as well. The Monero Standard is usually a good read.
I definitely don’t pretend to have all the answers, just trying to read some tea leaves so I hopefully don’t just not get crushed by the existing system as it gyrates, but also stand to benefit from the volatility it produces. Monero and the wider crypto ecosystem being fostered is a big part of that, not just philosophically, but practically.
+1 again for the good topics. Your posts and comments always seem to add to the discussion here on Lemmy, which I’m enjoying.
