Credit Cycles and Keynesian Economics : Passive Investing The boom bust cycles need a safe haven . Indexes track micro economic transactions and the market trading on such transactions are prone to distortions of dominant traders and weak regulators . Gold becomes a hedge against the FED-Wall St nexus.
This pattern doesn't exist in Neo economies as much. Tech and Emerging Markets are tearing ahead .
Keep some gold in the estate planning ?And some bitcoin ?
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