Part 11/14:
Amidst this uncertainty, Luke emphasized the importance of holding physical, “hard assets.” He regards gold and Bitcoin as key hedges against currency collapse and inflation, primarily because they are scarce and portable.
He reminisced about gold ETFs and their initial bullish impact on gold prices, followed by a decline as central banks maneuvered to control the price through paper claims and derivatives. Similarly, he explained that Bitcoin, while promising as a digital store of value, faces the risk of centralization if authorities seek to control or manipulate it through derivatives or regulatory measures.