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RE: The real reason why Steem will make you rich is the low 'velocity' of Steem!

in #inflation4 years ago (edited)

Cheers for sharing your thoughts, I hear Jim Rickards often talking about the "Velocity of Money" and the impact on the price of precious metals. Be interesting to watch the price of Steem in the coming weeks.

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You're right! I could not remember exactly where I learned about "Velocity of Money", but that was most probably from Jim Rickards indeed. I read his book 'Currency Wars' a few years ago. Very interesting book! Thanks for pointing that out!

No worries, yes good material from Jim, hats off to you though for making me think of how Money Velocity will effect the future price of Steem.

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