RE:RE:What was happening to gold before covid19- It was going up!!No,
gold's price is controlled when it's the currency of the world,
and
when it floats outside being the currency of the world, by paper
gold contracts as the derivative acting but made to act like the
principle itself - ie gold.
A lot of that being done to make crypto currencies and its star right
now, Bitcoin, the new gold safe haven.
So when the great reset happens in a few year, to cryptos only, and
one crypto only like china is doing now, ie central banks' coin ie
crypto.
And are trapped in the one crypto and excluded from private cash and
private gold, anymore.
Though if there is still a world financial/economic mess, after that reset,
a black market of many contrived cryptos usage, as well as precious
metals usage, will arise.
But for now,
when inflation kicks in, then the gold float over powers the gold paper
derivative contracts and their imitating gold, control on it.
Even if the criminals can still keep the gold float down when big inflation
kicks in, what becomes safe haven then, among other things of course.
Gold stocks do !!!!! Big Time !!!!!!
Cobalt wrote: Dude stop getting lost in Q it is not that hard Gold is 89% correlated to the real 10 year rate!
Now ask yourself what way rates are going , Golds dropped 80% 2014 last tapper , Short Golds!