RE: So much for gold19 Oct 2022 11:28
@panda - you have to look at it objectively, when GOLD price drops it becomes more attractive by that amount so exactly what you say by dropping x% it becomes x% more attractive, whilst there is no doubt Dollar is the store of value atm, it wont last for ever. The FED have increased interest rates to slow inflation which increase's the value of the Dollar, at some point in the very near future inflation will stall decline, this in turn will decrease the value of the Dollar which in turn will increase the monetary store value of GOLD.
Through financial history GOLD has always been the store of value, not dollar, the rest of the world is hording GOLD and dumping dollar, i wont bother posting links as im sure youve all seen them. If the value of the Dollar does not reduce and move over to GOLD we will see a total financial collapse of all markets outside of USA, the world needs a selection of reserve currencies to level the playing field and not just the USA running the show.