Everything on Commodity Markets

Gold's historic sell-off is driven by liquidity constraints and custody risks rather than loss of faith in the asset. Investors in volatile regions are forced to liquidate physical gold at steep haircuts to access immediate capital, exposing the friction of traditional stores of value.

Impact: Physical commodities may face liquidity traps during crises; digital assets with 24/7 global markets offer a structural advantage for capital preservation and rapid deployment.

— from Bitcoin Resilience, Gold Liquidity Crisis, and Fed Policy Misalignment · The Milk Road Show· Mar 23, 2026