• Tbh I think the same with as with a lot of asset classes. There is more wealth than ever before and not enough traditional investment vehicles for it (eg gold) so people have looked to other items of scarcity, which are relatively easy to purchase, store etc. and also use to avoid paying taxes. (See farmland/woodland also)
    It’s one of the reasons that NFTs have kind of gone crazy (but also more money launderyesque stuff too). My guess is that with them no longer making the 5711 and it already holding cult status and being scarce, this has just kicked things up a notch.

  • Don't forget unprecedented low interest rates. Physical gold would have been a better bet if it wasn't manipulated so badly through the paper trade.

  • Yeah for sure - think that had been pointed out but yep people have money and little point having it in the bank etc

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