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goose_pool2.0
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🚨 Every time a war hits energy markets, someone asks if oil is becoming the new gold. It isn't. It never is. Gold sits in a vault for a thousand years without asking anything of anyone. Oil needs refineries, tankers, pipelines, shipping lanes and geopolitical stability just to exist as an asset. The Iran war didn't make oil valuable. It made oil's fundamental problem visible: it only works when the world cooperates. Gold doesn't need the world to cooperate. That's why it's money and oil is just expensive liquid. @zerohedge