Charles Edwards 2.7 2 ideas

Central banks (specifically China) are stacking gold to diversify away from the USD. Historically, when Gold breaks out relative to the S&P 500, it runs for years. The current move is structural, not just cyclical. If Gold repeats historical decade-long cycles (like the 1970s or 2000s), the average upside is ~150% from breakout levels, implying a price target of $12,000. Long physical gold for a multi-year hold. A resolution to geopolitical tension or a resurgence of the USD as the only safe haven.

Bitcoin is underperforming Gold significantly. Edwards attributes this to the "Quantum Threat"—the non-zero chance quantum computers break BTC encryption before 2028. Institutional capital is hesitant to allocate to a "store of value" that has a theoretical existential threat. Until a concrete roadmap (hard fork/upgrade) is agreed upon to quantum-proof the network, price upside is capped. Neutral/Watch. A massive re-pricing upwards will occur *only* after a technical roadmap is announced. Quantum computing advances faster than the network can upgrade (catastrophic failure).