Nassim Taleb Praises Gold Amidst Real "De-Dollarization" Trend
Renowned scholar and author Nassim Nicholas Taleb recently took to social media to praise gold as central banks around the world shift towards storing this precious metal. Taleb highlighted the significant increase in gold prices, which have surged by approximately 30% year-on-year.
Taleb also spoke about the ongoing "de-dollarization" trend, noting that despite trade settlements still being conducted in U.S. dollars, central banks from BRICS countries have been accumulating gold as a risk-off asset. This shift towards gold as a reserve asset signifies a changing global financial landscape.
On the other hand, Taleb remains critical of Bitcoin, calling it a "tumor" in the economy due to its high volatility. Despite being a former Bitcoin supporter, Taleb now denounces the cryptocurrency and continues to express his skepticism towards it.
In his upcoming book, "Lydian Stone," Taleb explores the concept of humans getting confused by sequences and how it relates to the arrow of time and entropy. This book promises to provide valuable insights into human behavior and decision-making processes.
Overall, Taleb's praise of gold and criticism of Bitcoin shed light on the evolving financial markets and the importance of diversifying investment portfolios. Understanding these trends can help individuals make informed decisions about their finances and adapt to the changing economic landscape.