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  • With less gold being mined then basically anything with a level of scarcity is being bought up. Traditionally you would hold 5-10% of your wealth in gold but not sure that’s the case anymore. The wealth classes has swelled massively in the last 5 years, outstripping gold production/availability and they’re investing their money in art, watches, classic cars etc over traditional assets. See also crypto.

    Aaaanyway I’m off to buy some nfts instead

  • Yeah, the number of people buying up vintage porsche stock here has become noticeable even in just the last twelve months in Los Angeles. I see twice as many on the road as I did a year ago.

  • I'm surprised if it's for investment purposes.

    Or is it more that driving an old Porsche is more ostentatious than a lambo?

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