Sunday
Buying Gold is really selling dollars.
If there is fear of economic collapse or war or some other social danger, people sell their currencies for money. Why? Because money is forever. In such circumstances, and for as long as people inhabit this world (or any other), they will always choose Gold. Gold is the one and only money.
Even when the theory cannot be understood, it should be clear that when some sort of collapse is feared, what people choose to invest in is judged to have a more stable value than that which they part with for it. As ribbons would be exchanged for rice so, if possible, currencies would be exchanged for Gold. No one would part with their Gold to invest in dollars at such a time.
Everyone understands at a practical level that Gold is money, they just don’t understand it intellectually.
The Gold-bug sites drive me nuts. Will the price of Gold go up or down? Get real; it doesn’t matter; it’s simply a reflection of the fall in the value of whichever currency is being quoted. Such prognostication has been going on for the past seventeen years and is tiresome in the extreme.
They help no one because they are arse about face.
Snap out of it.