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People only buy gold when they have High confidence in the future…
…high confidence that the world is going to shit
Same with Euros and Yuan, tho.
Dollar doesn’t seem as safe as it used to
For sure, especially with the US exports and industry mainly relying on petrochem and IT services, the former of which is a dying industry and the latter of which is an AI bubble ready to pop.
But Gold prices aren’t a good illustration of that.
Why? Because line go up and people who own gold can sell it for more? Serious question actually, I don’t understand the economy.
