RE: Step back for a second and look big picture....25 Sep 2024 15:58
100% get it in relation to GGP, and also good news for the ones who hold physical hood.
However, if/when gold does goes nuts, the graph presumably goes near vertical, that is unsustainable as far as I can see. A sustainable chart, I would think, would settle down to a below 45 degree incline on a chart, as opposed to a near 90 degree angle. So how vertical, and for how long can this gold rally last? So how does the gold bull run quieten down, with none of the previously available brake levers working anymore?
If gold is worth more and more money, but the money is worth less and less, that seems like a very strange set of circumstances and I’m struggling to rationalise that in my own head!