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On the surface, bitcoin, barely a decade old, and gold, used from the dawn of civilization, shouldn’t have much in common with each other. But look closely, and there is a broad overlap.

On the surface, bitcoin, barely a decade old, and gold, used from the dawn of civilization, shouldn’t have much in common with each other. But look closely, and there is a broad overlap.



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  1. tldr; The US consumer price index for October showed the highest annual rate of inflation in 30 years, with everything from gas to food to rent taking up a bigger share of every paycheck. An ounce of gold is still worth $40 less than it was in June, when the economy was only starting to heat up, and even farther below its peak above $2,000 last summer. Gold had been the asset of choice for those suspicious of the US dollar since 1971, when President Richard Nixon announced the end of the gold standard.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

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