Appreciate your work greatly. Amazing that gold surpasses all other asset classes. Why did you leave out investment real estate? Should be bigger than gold?
Just saw your reply. Thank you! If real estate is much bigger and your post is about “fascinating snapshot of global wealth and priorities” it seems the liquidity is irrelevant. Especially when noting income real estate. Commercial buildings, Multifamily, NNN and single family rentals all contribute to global wealth and by your own admission I think represents the lions share.
Exactly. In and out? The same maleficent principal being applied to - gold? A so-called appreciating asset? And like most people - making the mistake of trying to time that market only exacerbates - frustration (paper hands). Correct? Although volatility in BTC will drive people away, especially when they treat it like a security (stocks). BTC and cryptocurrency are actually commodities. But if you could predict the volatility of any investment; then you're central banker material. Or maybe you're buddies with Buffet - or the CEO of Blackrock. 😁
Appreciate your work greatly. Amazing that gold surpasses all other asset classes. Why did you leave out investment real estate? Should be bigger than gold?
Just saw your reply. Thank you! If real estate is much bigger and your post is about “fascinating snapshot of global wealth and priorities” it seems the liquidity is irrelevant. Especially when noting income real estate. Commercial buildings, Multifamily, NNN and single family rentals all contribute to global wealth and by your own admission I think represents the lions share.
Lau,
I really like your work. I am sure many more appreciate the insight, but rarely thank the author, including me. So....
Thanks!
Iv been in bitcoin About 11 years , 200 dollar cost now about 100.000 US dollars it gives me financial orgasms .
Exactly. In and out? The same maleficent principal being applied to - gold? A so-called appreciating asset? And like most people - making the mistake of trying to time that market only exacerbates - frustration (paper hands). Correct? Although volatility in BTC will drive people away, especially when they treat it like a security (stocks). BTC and cryptocurrency are actually commodities. But if you could predict the volatility of any investment; then you're central banker material. Or maybe you're buddies with Buffet - or the CEO of Blackrock. 😁