“The Debasement Trade” - Luke Gromen on Gold, Bitcoin & The 100 Year Reset

In a panel discussion, Luke Gromen and the hosts analyze the debasement of the dollar, comparing the prices of assets like the S&P 500, NASDAQ, and homes in terms of dollars, gold, and Bitcoin. Gromen argues that the debasement is not a short-term trade but a secular trend, advising investors to buy dips rather than sell rallies. The conversation explores the history of central banks' reserve assets, the implications of gold surpassing treasuries in foreign reserves, and the potential for a shift towards a gold-backed or neutral reserve system. They discuss the role of gold and Bitcoin in a portfolio, the risks associated with paper gold, and the potential impact of AI on employment and the global financial system.