Did Investment Firms Lied To Us About Gold? Last year, Gold Futures were expected to increase to $2,100 US per ounce.
However, over the last two months, Gold seems to be struggling a lot as their futures went down from $1,900 per ounce in the new year to just above $1,700 per ounce.
With gold continuing its precipitous decline as opposed to going up as originally predicted, were Gold Stock Investors like myself lied to or is something else going on?
To make matters worse, even when fundamentals are working in Gold's favour, including excessive public debt levels, increased stimulus money, stagflation threats as prices are going up dramatically (especially food and fuel) while unemployment rates are going up and the economy is stagnant, and geopolitical issues like COVID-19 are still rampant, Gold is going down, not up.
To see Gold go down when fundamentals are in its favour goes against the "Law of Gold".
What's wrong with Gold lately?
Its time for investors to stop putting their money in bonds, which is risky when interest or bond rates go down (don't need to take an Accounting course to know why), stop putting their money on bitcoin, and start "Make Gold Great Again" and invest in Gold.