Dammn...
$1.65 Trillion has been wiped out from gold and silver in the last 18 hours.
This is more than the entire market cap of Bitcoin and ETH combined.
Stocks are dumping.
Gold is dumping.
Silver is dumping.
Crypto is dumping.
Bonds are dumping.
Even Oil is dumping.
If everything is dumping, where the hell is money going?
When Bitcoin is back at $20,000 that's still a lot of money to pay for nothing. Don't be fooled by meaningless benchmarks. 84% off a ridiculously high price is not a bargain.
If you held Ethereum for exactly 5 years
You would have made 0% returns and also lost 35% purchasing power of those dollars to inflation
Eth has consistently failed to innovate and has become a fossil
Buyers of silver at $88-89 are getting wiped out after 7-9% sell off. They are rightfully getting punished. While most investors are going to refuse to buy now after a sell-off, the same investors will eagerly and convincingly buy after a rally. Again and again same mistakes as humans in generals have hard times controlling their emotions…
$125,000 invested in $ETH 5 years ago is now worth $73,400.
$125,000 invested in Potatoes 1 month ago is now worth $1,000,000.
ETH is getting outperformed by Potatoes.
Every asset is making new highs, except for Crypto.
Live Cattle are up +525% since 2022 and just hit an ATH.
We are getting outperformed by Cows.
You can’t make it up 💀
What a move in silver.
Game on.
We are in a structurally higher metal price environment driven by decades of underinvestment, constrained supply growth, and a global macro environment that continues to favor hard assets.
Markets are still very slow to fully appreciate this shift.
open.substack.com/pub/tavicosta/…
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