Gold and silver retain high floors and strong upside, but Bitcoin's asymmetric risk-reward profile remains more pronounced. With dividend yields at record lows, gold's total return advantage narrows, while Bitcoin offers self-custody and digital utility.
Ray delves into why gold remains a unique hedge, its historical role, and why modern investors still allocate a slice of wealth to it. He contrasts gold’s immutable supply with fiat’s endless printing, and explains how gold‑linked bonds attempt to combine safety with yield.