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Gold To $6,000?
Gold bulls, like Bitcoin bulls, tend to be an excitable bunch prone to wild extrapolation.
I say th
Not saying anything more than “past performance does not guarantee future returns” but while we have future appreciation to reach the mean, the current run is already the median.
That’s a great observation; thanks for sharing. With only four points it’s hard to draw a sound conclusion other than “gold runs are damned unpredictable.” There’s a high variance to peoples’ shiny-metal lust, it seems.
If the AI bubble does indeed pop, I expect we’ll see a “gold rush” similar to 2009 where investors dump unsafe stocks for always reliable gold. I mean Parks and Rec built a whole character around this type of investor.
Having traded Gold years ago, the old saw was ”It’s never so high that it can’t double; and it’s never so low that it can’t halve.” A veritable roller-coaster.