Originally posted by AverageJoe
Over 100 million Americans have jobs.
You might want to fo some research on Japanese debt-gdp ratio on top of decades of deflation. Every time we get violent sell offs, they rush to Yen. Go figure, smart hedge funds must be dumb ass stupid to hide in a deflating economy backed ccy.
Again as recent as the initial and mid 2018 sell off, the safe haven gold status was logical but not the 1st safe haven choice. I will argue and have since last year that I want to see inflationary hedge of gold rather than market crash safe haven. It didn’t work in 2008 until tarp/qe utilized. Amen.
Too many issues lining up. Any one on their own might be manageable. Evidence is there just need to take your head out of the sand. It's hard to stay at the top indefinitely.
A bear market is coming, USD will most likely lose it's reserve status but if the whole world has your faith in them, then maybe not. Either way gold should do very well going forward, whereas there's only one way for the currency to go. And remember it's not about the DJI vs Gold, it's about fiat vs Gold. Gold will out perform DJI over the short term at least, maybe med term if USD loses reserve status. Gold will always outperform fiat over the long term and is due for a rerate
