GREY:NEVDQ - Post by User
Post by
bogfiton Jan 05, 2022 4:21pm
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Post# 34286862
I love days like today. Not only for the sales, but for the
I love days like today. Not only for the sales, but for theafter effect - DOUBT. Nothing more excites uncertainty than surprise. Surprise - Nasdaq down 3%. surprise - bitcoin at new low, surprise - throw away your gold! Oh no, that last one is wrong. Yeah, I know the Fed talkin’ higher IRates, and yeah USD should be stronger as a result, but everything that has happened today, has happened because the market believed it would. Raise rates, stronger dollar, increase borrowing costs reduce corporate earnings, yada, yada, yada; BUT can pre-covid indicators still prove reliable today in a global economy still suffering repeated surge in the Pandemic?
Gold is sometimes good to own during a depression, and sometimes even better in periods of inflation, but gold always the best in times of uncertainty.
b.