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> So we should expect the price of gold to rise while the pandemic is out of control. Once the coronavirus is defeated, we should expect the price of gold to fa
by gridlockd 6y ago
> So we should expect the price of gold to rise while the pandemic is out of control. Once the coronavirus is defeated, we should expect the price of gold to fall.
Gold has been rising steadily for years, interest rates have been low for years. That's a lot of excess liquidity already in the market, it's just exacerbated.
Coronavirus disappearing from the news won't make all that excess liquidity disappear.
Gold and other assets will drop when that excess liquidity is removed through rate hikes and QT.
When will that happen? My money is on "never".