Crypto crisis29 Nov 2022 11:38
This is all related to the slow realisation that if you can't touch and feel it then it really doesn't exist. Its the same with card transactions. People are returning to cash because they know what they have and how much they have to spend. No doubt the Chinese and Indians will invest more in gold in the medium term because 'they know what they have got' when fiat and crypto are devalued. Thats aside from inflation. If you can touch it and feel it then its real. This whole cyber culture is on the way down even to the extente that I see less people walking around looking at their stupid screens. Relationships in cyberspace are unreal, as is the guy who phones you up and tries to persuade you that your 'unreal' bank account has been compromised. We are entering a new era of Mistrust, the New New and gold price will inevitably strengthen irrespective of falls in the 'mighty' US dollar. This may all sound trite and naive but fundamental truths will out and nobody trusts anything anymore in this modern crazy world that has been created for us by high tech. This world will be shown as just a glorified Ponzi scheme, dependent on confidence. I just hope that AIM is not to be one of the casulties.