at the time. “In 1981, DXY was 105 [and] gold was $450. Today, DXY is 105, [and] gold is $1,810. Do not fear a rising U.S. Dollar Index – over time, gold faithfully tracks purchasing power destruction.”
Bloomberg’s senior macro and commodities strategist Mike McGlone referred to gold as a “resting bull” three days ago, on March 15. “Gold appears to be a rare resting bull market compared to most risk assets and commodities that are reverting from getting overextended, on the back of pandemic-related excess liquidity,” McGlone said in an. “Plunging crude oil may be part of the deflationary spark for the metal to breach resistance of $2,000 an ounce.
Silver Could Post Much Larger Gains than Gold; Bitcoin Poised to Trade like Gold and U.S. Treasury Long Bonds
It's no surprise that gold is gaining value with the current economic uncertainty. Investors are looking for a safe haven during times of volatility.
Looks like I'm going to have to start wearing my gold chains to the grocery store!
Good gains and solid assets
Still weaker than Bitcoin/ETH gains v. USD.
How much $BUX would you get for 1 kilo of gold today? Do this and buy back 10 kilo of gold next year 🪙
Everything rose against usd which is not stable anymore
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