$GLD - Gold reserves will reach parity with currency reserves as central banks permanently shift away from treasury accumulation, driven by sanctions risk and the end of the dollar reserve system
$FARMLAND - Productive real estate including farmland offers inflation protection as part of a historical Fugger portfolio model during currency debasement
$BTC - Bitcoin will benefit from currency debasement dynamics and could become the West's answer to the East's gold standard in a potential monetary contest
$COMMODITY - Commodity assets are preferred over frothy tech stocks at this point in the cycle during currency debasement
$INDUSTRL - Industrial stocks will benefit from US reindustrialization, deglobalization, and reshoring trends as the economy shifts from financial to real assets
Bearish:
$TLT - Central banks will permanently avoid US treasuries due to sanctions risk and negative real rates, making long-term government bonds an inefficient investment even with potential yield curve control
$TECH - Technology stocks are frothy and less attractive than industrials and commodities at this point in the economic cycle