GOLD 0.51% $1,391.7 gold futures

gold, page-90490

  1. 300 Posts.
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    I get your complaint but you can't separate gold from ideology. Some people believe markets are useless at price signalling and therefore require the omniscient and benevolent hand of government to fix every mistake in the market. Central banks, they reason, are filled with hundreds of experts with economics PhDs and are therefore much smarter than free markets.

    If this is you then the price of gold would and indeed could ever go in one direction.

    Down.

    Betting on gold (and now crypto) is a bet on free markets over government expertise.

    As for me I think that crypto will do the best. Both gold and crypto will rise against the dollar but as crypto is probably *as good as* being a currency as gold and it's currently one tenth the market cap, it stands to reason it should rise much more.
 
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