The problem is the debt that is out there. Much of the $300 trillion globally is priced in USD. So this means that borrowers are still going to require that currency to pay their debts. Even in a massive economic crash, not all are going to default.

As for safety moves, yes some could rush to crypto but not sure it is a huge market at this time. I am still interested in the Crypto/Gold dynamic. My sense is crypto will take from money that usually runs into gold.

But we will see.

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