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Dutch89

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21/02/23

08:23

Post #: 66361806
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Originally posted by coto: ↑

The gold price has been acting very sporadic the past few trading days. Seems like there is going to be a major event soon which may launch it. With the strange movements and inability to break lower (under $1800usd) it seems like many major institutions are buying up at this current $1800usd dip. Imo a major run into $2000usd range is close. Data out of the USA is getting worse by the month. The White House are making it appear ok on paper but if you look at it all in detail it’s not pretty viewing. At 1 trillion usd debt servicing per year, I am still in the belief that a major event is close to shift the public into central bank digital currencies. I think this will create panic and boost gold prices significantly. The CBDC push will be a failure because Imo, enough people have woken up to what’s going on the past few years and will flat out refuse to be a part of it. It can only be a success with 100% take up rates.

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Pretty good assessment. They say the usd is not backed by anything since the loss of the gold standard in the 70's
But it is backed by confidence America can serve the debt, in the event the world loses this confidence would be a death blow.
The Petro dollar may also be on the way out with many nations exchanging oil in the ruble and others.
If the American government gets found out blowing up the gas pipeline I forsee massive backlash.
European nation's would fix the damage and possibly refuse to use the petro dollar??

PDI Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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