RE:RE:RE:RE:Raised Price I think I've made the point before. It doesn't matter who won
the US election. The fact is that every country is deficit spending.
If you bothered to check the US National debt, it stands at $36 trillion.
Not only does that debt have to be financed but the US is currently
adding $1 trillion to it every 4 months.
Let's see.when Obama came in it was $8 trillion and when he left it
was $18 trillion... with Covid, Trump then took it to $27 trillion followed by
Biden to the current $36 trillion... are you seeing any trend in fiscal discipline?
Will Trump be good for the economy? I don't know... but I'm pretty sure
that neither party will stop the deficit spending.
And you mention the gold price? If you've been here for any length of time
you'll note that the gold price has fluctuated as much as $300 within the same
quarter... pull up some kitco gold charts and educate yourself. If you take the
prior 3rd quarter daily average gold price, it was $2499. Right now thru half
of the 4th quarter, we're running more than $100 higher.
Opinions are great but they're even better when you look at data.
The one comment that you got right is that KNT will move higher
regardless of your politics... and so will Bitcoin.
ps- To be clear, I introduced Bitcoin into the discussion only after that brain
surgeon stated that gold was selling off because of Bitcoin (he actually said
Crypto but I'm sure he can't distinguish between the two).