RE:RE:I expect charts don't lie...
btw, if you still believe gold price will drop because interest rate goes up...then you desrve to be parted from your money. Should apply for a job at Kitco.
Inflation is at 15.1% (if you care to read the WHOLE report). US interest rate is at 0.25%. Let's do 6 rate hikes...still under 2%. Tons of geopolitical risks and sanctions. Massive exodus of labour. Supply disruptions. Sky high energy prices. If this is not stagflation I don't know what is.
With inflation maybe you can still protect your wealth with companies that has pricing power. But it doesn't work when the world is in a recession. GOLD remains the only true stagflation hedge.