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Nov 27, 2023Liked by Geo Chen

Great read Geo! Thank you for the great 3 part series. It's helped me with my framework with gold as a new investor/trader.

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Geo, while I think you make a series of excellent points across the 3 parts of this series, I believe that you may be underestimating just how powerful the government impact can be. as CBDC's begin to proliferate, and I am certain they will be doing so over the next several years, governments will be spending real time and effort to eliminate their competitors, namely bitcoin, and perhaps ether. and while they likely cannot shut down the network, they can absolutely close the exit ramps. enhanced KYC with stricter AML rules and an edict that banks cannot open accounts, or even keep accounts open, if there is a whiff of Bitcoin activity in the account holder's activities is very realistic, and something that governments around the world seem quite likely to implement if they feel they are losing some control on their monetary policy/system. in your chart I might weight the government issue at 3x or 5x and then add things up.

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Very useful and informative series of posts, thanks.

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Geo - please update your thoughts on Gold & miners. Are we likely looking at breaking 2022 lows? Thank you

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