Questions to ponder?Two Questions.
Question 1. What is the fundamental reason gold has gone down in the past week? The only world event that has occurred is the US election that might and i say might. If you say yes, What, then has Donald Trump said, or What policy has he implemented to make a fundamental shift in gold. Did he say the US will sell it's gold reserves? Did he say bitcoin is the backing for the US dollar? Did he say anything at all. No nothing, NaDa, zilch. There is no fundamental reason for gold to go down other than a good time for a little more government interferance. And why did Calibre mining go down 30% in a couple of weeks but gold down maybe 5%. What catastrophic event occurred in the past few weeks at Calibre that hasn't already been reported. The only thing happening is investors who think some perceived calamity is about occur. We are in the normal course of ebb and flow investing. It is the old story of follow the sheep because they think they know where they are going. 10 people sell and a thousand more follow, not because there are any fundamentals to follow but rather emotions. It is all emotional selling right now.
Question 2 to ponder. Why is every central bank in the world buying GOLD!!!!. What do they know? The one thing they know for sure is that any central currency in any country is not worth the paper it is printed on. Why aren't they buying copper, or hogs, or wheat, or uranium or any other commodity for that matter or even for the dunce hat wearers, bitcoin. All of these are going up too, and a lot of money can be made if you are just want to invest. Why don't they just buy Tesla Stock or Apple or Facebook. So just ask yourself, why is it always GOLD GOLD GOLD and more gold. Or do you think that suddenly gold buying will stop because the Trumpet will be in the White Shack.
On the Contrary, every one should read the Project 2025 Manual that will be implemented, not maybe implemented, but will be. See for yourself what it has to say about a gold standard, Financial and Fiscal policy in the US, It's a "How To" Instruction book, (no different than putting together your ikea furniture)on the future of the US and don't be surprised, if you don't see another democratic election in the US for the next 20 years. Think it can't happen, ponder that too. The Conservatives have a laid out agenda, and if they can't do it in 4 years, they are not leaving till they do.
One thing i know as sure as i am writing this....GOLD WILL CONTINUE TO RISE. It will have a dip here and there, but Long Term it is going sky high. I don't put any timelines on it but it has been a fact, is a fact and will be a fact for all time. Gold is Eternal.