ALL Gold is Fool's Gold in America ...
(media.scored.co)
New here?
Create an account to submit posts, participate in discussions and chat with people.
You are viewing a single comment's thread. View all
Toast message
Gold is up 4.78% since date of op post two days ago
Silver is up 9.8% the last two days! LET'S GOOOO
LOL i would have had to wait YEARS to get 9.8% gain in a savings account.
The U.S. fiat dollar is going to keep devaluing The political parties can't get a budget deal done that isn't full of pork and debt spending. Interest only payments on the national debt are the largest budget item. Trump threatens with military which requires huge military budget. Wars for Israel. Hostile trade talks with every nation. Europe in decline. USA losing faith and credit that backs its fiat currency. Foreign nations don't trust USA since USA froze all Russia's USA currency assets. Now foreign nations want to hoard gold instead of buying USA Treasury bonds.
Not only does the technical analysis support the bullish sentiment in gold but all the geo-political stuff supports future increased prices in gold. Also if CBDC gets further implemented, which it will, the backlash will also push gold and silver prices up as people seek black market methods to transact.
Who cares about a 3% premium when that gets erased with less than one week's gains? Gold is up 55% in one year and is going to keep running because there's no good bearish argument why people should trade in their gold for fiat jew dollars in high inflation environment.