Yes, not to mention the public are also waking up to crypto as a bad investment choice with constant stories of entities stealing it and how it is impossible to safeguard a digital asset. Some of this crypto liquidity will flow to gold in people’s investment portfolios. What about the news of the North Koreans who stole $1.4billion worth of crypto the other day.
Only 1% of the public own physical gold as an investment, wait until the public continue waking up, and that is happening as more gold news flows to the mainstream with a rising and stable gold price. You only need another few percent to own physical and gold re rates up to the next level, likely $5000usd towards the end of 2025 imo.
The audit of Fort Knox will help the cause too. As you say, there is only so much, it is a precious metal after all. Basic supply and demand. Also, due to difficulties in sourcing funding for exploration budgets in recent years since covid, there is also a shortage of assets moving to production. Gold is only going to get more sought after in the next few years as demand increases. This is a generational re rate taking place which is long overdue Imo. Thanks mainly to a mass awakening and the truth about its limited reserves finally getting out in the open after decades of media suppression.
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