$Gold Futures(DEC4) (GCmain.US)$ dollar is gaining strength....
$Gold Futures(DEC4) (GCmain.US)$ dollar is gaining strength. i have my suspicion on what's happening truthfully but it's going down the rabbit hole if I do. simply put, dollar has been going up all commodities sold off since Trump's win. it's about trade wars and tariffs market woes and fucked up feds. pretty sure we're seeing a rate cut coming which is great for gold and silver. the best time is next year gold has been going up while rates were rising. that's unheard of, it's never happened in history. central banks also haven't bought this much gold in history. reason why it went up while hiking rates again unheard of. the reset is going to be based off gold meaning gold according to IMF and world central banks will more likely be the only tier one asset, the pyramid of currencies will be held up by gold, which would represent the base of the pyramid or the bottom platform structure to hold up everything else. everything not gold pegged to gold will be above the base of the pyramid on its own upper level represented as derivatives.... meaning this is pegged to that which that is pegged to gold. there's no other way to have a currency that's not pegged to something else that can represent true value of worth. you have to have accountability on your currency otherwise it's based off nothing like all currencies are right now this is why there's a global recession and huge global debt building up because they don't have to account for the amount of printed money.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
104801339 : Hi, as a beginner, I'm not sure what to buy when investing in gold. Last year in 2023, my teacher often mentioned it's time to invest in gold. At that time, gold was around $1800, so I didn't know how to invest and ended up investing in paper gold at the banks slowly until gold rose to $2200, then I stopped putting more money in. I thought it would rise to $3000 this year, but unexpectedly, it plummeted to $2750, which scared me into selling immediately. Fortunately, I sold quickly. Now I'm wondering besides paper gold, what other options are there for investing in gold?