RE: Step back for a second and look big picture....25 Sep 2024 16:42
I do understand all that your good self & MH are saying and agree wholeheartedly.
As confidence in a unsustainably over printed paper currency wains all over the world, money flows into gold as a safe haven as there’s only a finite amount of it around.
Where it gets head pickling for me is that if fiat does crash, or becomes obsolete, what will be the measure for which we value the yellow stuff? How will we buy things, with physical gold/silver? Or will they create a new paper/digital currency system that is pegged to gold ala the gold standard the yanks used to have.
And if the gold graph goes vertical, it should under normal/previous circumstances indicate a peak before it drops, which in my experience they always do. Which for me could represent another buying opportunity.