Many people haven't figured it out:

Gold rising in price is not essentially to make you rich,

but to solve debt problems.

Suppose I owe you 1 million,

and I can't pay in cash now, what should I do?

No problem,

I have the pricing power of gold.

I drive the price of gold up to 100,000 per gram.

At this point, the gold in your hands

also has a book value of 1 million.

Okay, now it's simple:

I give you 1 gram of gold,

and we—settle everything.

The debt is resolved,

the system stabilizes.

Once I finish handling my debt,

my credit is restored,

liquidity returns,

and I drive the gold price back down to 10 yuan per gram.

At this time, the gold in your hands,

has a book value of only 10 yuan.

And I?

I use 10 yuan again,

to buy back that 1 gram of gold from you.

What is the result?

My debt: gone

My gold: back

Your assets: have undergone a “legal devaluation”

Throughout the process,

no default,

no robbery,

it even looks very fair.

The only problem is:

You think the gold rise is saving you,

but in fact, it is liquidating you.

The true winner,

is never the “asset holder,”

but

the one who holds the pricing power.

If you don't understand this,

every time you see an asset skyrocket,

it might just be the prelude to the next harvest. $BTC #加密市场小幅回暖