Gold is hot right now because governments around the world are printing our currencies into oblivion. We have a ridiculous financial system. We export each others inflation, that's the whole point of pegging to each others currency. We are in one big experiment and this experiment is called globalisation. Ever since president Nixon completely unpegged the us dollar from the gold standard, there is no true value in dollars any more. It's just a digit in a computer system and a promise from government that it has “value”.
I believe we are entering a global financial crisis pt 2 coming soon. Governments have been printing and shorting gold to try and destroy its value with useless dollars made out of thin air!
That's no longer working for them. They're losing control of the system. They're already reduced interest rates as low as possible and it's failing them, and negative rates? Please that crap didn't work in Cyprus they tried it there.
This covid thing is going to be the nail in the coffin for globalization and the end to the dollar.
