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Oddly enough, gold is one asset whose price is flat to down over the past few years. This ain't the usual kind of inflation, where people start to buy gold bec
by alejohausner 5y ago
Oddly enough, gold is one asset whose price is flat to down over the past few years. This ain't the usual kind of inflation, where people start to buy gold because too much money is being printed.
These days gold prices seem to be driven by fear: gold tends to spike up on market crashes, as a flight to quality. I think people aren't afraid enough yet; they're still feeling greedy.
- Guest42 5y agoI think crypto took a lot of money that would've gone to commodities, along with the speculative money.
- zivkovicp 5y agoI'm inclined to agree with this.
- Grimburger 5y agoThe problem with investing in gold is that there's actually a lot of it to dig up, it's just expensive to do so, there's always a lot of natural ceiling pressure on the market, if the price goes up enough we'll be extracting trace amounts from seawater.