A real-world example: in April 2024, speakers predicted fiat would die and hard assets would rise due to central bank printing, so many bought gold, silver, oil, copper. Over the next week, that bet looked good, but over the next 2-3 weeks those assets pulled back 5-20%, nothing had changed fundamentally, but investors who followed the advice were significantly underwater.
normativepending
Speaker
Brent JohnsonEvidence Quote
“let's pretend that we you and I were at a conference in April... they got up and said the age of Fiat is over... if we did that... we'd probably be pretty happy because over the next week or so those would have gone up in price but then over the last two or three weeks we would have gotten our head smashed in because each of those have pulled back anywhere from 5 to 20%”
Source
Brent Johnson: The Demise Of The Dollar Will Take Longer & More Surprising Turns Than Many Expect— Adam Taggart | Thoughtful Money®Created: 8/12/2026, 6:41:04 PM
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