Thought this might be of interest to forum members.It's an extract from an article in Quillette.Trump is enriching himself by pushing crypto big time.Whether this is having -or will-have an indirect effect on gold stocks generally is a moot point;
"There must also be anti-corruption legislation on a scale that will make the post-Watergate reforms look modest by comparison. After Trump issued his meme coin, investors from around the world suddenly had a way to publicly bribe the president of the United States. Trump is listed as the “Chief Crypto Advocate” in a “gold paper” issued by World Liberty Financial, a crypto platform that generates huge amounts of money for him and his family. Trump is the most powerful regulator of an industry that now accounts for a significant proportion of his wealth. His crypto holdings create the largest vehicle for influence peddling in American history. After World Liberty received US$75 million from the crypto magnate Justin Sun, an SEC investigation of Sun was suddenly suspended."
To my untutored mind, crypto could be becoming synonymous with corruption.That could make a world-wide economic crash very likely.To offset or diminish its effects Central Banks,I suspect will be buying up even more gold. One downside I see to this scenario,is powerful interests over exposed to crypto and fearing gold as a rival and threat to their -in my view -phoney wealth-, will do their best to destroy its attraction as a safe haven.
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