Chris Liss on Nostr: Listened to about half of the jack mallers pod, and something clicked for me. The Yen ...

Listened to about half of the jack mallers (nprofile…6dtc) pod, and something clicked for me. The Yen blows up, people are worried the Japanese who own $5T in US assets might be forced sellers, so they flee into a neutral reserve asset (gold). If Japan dumps UST and stocks, gold is protection. So gold (and silver) moons, but that trade gets crowded. If only there were another neutral reserve asset available at a discount.