Syz the moment

A good store of value preserve the amount of goods / services money can buy over time. Example (simplified): - The average gold price in 1920 was $20.68 per ounce. Today it is worth $2,100 per ounce. A 100 fold increase. - The average house price in the US in 1920 was between $5,000 and $6,000. The average sales price of a new home in 2023 was $492,000. A 90 to 100 fold increase.

Cocoa prices hit a fresh record high, fast approaching the once unthinkable $7,000 per tonne level. At current levels, we will see soon widespread retail price increases for all kinds of chocolate. Source: Bloomberg, Javier Blas

The recent surge in gold prices, despite a lack of corresponding growth in assets managed by related ETFs, suggests that central banks' purchases have likely been the primary catalyst for the rally. Although there's been a record pace of metal accumulation, central banks currently hold a much smaller proportion of gold compared to historical levels. Back in the late 1970s and early 1980s, these institutions held around 80% of their balance sheet assets in gold, whereas today it's less than 20%. Will they continue to accumulate gold going forward? If we come back to the historical average (in terms of % of reserves), there is massive pent up demand ahead Source: Tavi Costa, Bloomberg

The surge follows regulatory approvals for spot-Bitcoin ETFs and comes ahead of the anticipated halving event, reflecting significant shifts in crypto accessibility and investor interest. Source: Bloomberg, Beth Kindling

It now HODLs 205,000 $BTC bought for $6.9b MicroStrategy is now $7.7 Billion in profit on its Bitcoin investment. A return of 112% so far as Bitcoin breaks a new all-time high yesterday. 112% gains and still buying...

Source: Succeeded Mind

By Graphite Asset Advisory / John Haslett, CA(SA), FRM

$NESN $PEP $PG $ULVR $KO $MDLZ $BN.PA $KHC $ABF.L $GIS $CL