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Not really. It has more to do with gold is now worth almost 3x what it was 2 years ago. It's not like we've suddenly found new and exciting uses for gold thoug
by onion2k 7mo ago
Not really. It has more to do with gold is now worth almost 3x what it was 2 years ago.
It's not like we've suddenly found new and exciting uses for gold though. The reason the price has gone up is because the demand for it has gone up, and the reason why demand has gone up is because people want an alternative to U.S bonds. A bunch of pump articles wouldn't be enough to lead to a 3x price increase.
- refurb 7mo ago> the reason why demand has gone up is because people want an alternative to U.S bonds That makes no sense since the amount held in US bonds is not that different. The only change is that the gold that people held has gone up in value. It's not different than holding Google and Apple stock, and when Apple stock goes up people say "oh, it's because people don't want Google stock". That's not true at all.