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$1,391.7 gold futures

Because gold isn't useful. Quite simple.Other commodities like...

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19/02/21

06:32

Post #: 51140523
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Originally posted by Forged: ↑

I would like to get some real investors' opinions who love making money & have track record of making serious $$$ in real life trading, not a novice of gold lover or a beginner trader.

1) We are technically in the once every 20 yrs commodity super cycle, then...

if Gold is a commodity, then why the hell it is not following the skyrocketing price of IO, copper, nickel, zinc, etc... ?

2) We are also entering the fiat currency QE, then...

if gold is sort of a safe haven investment, then why the hell gold is not following the meteoric rice of BTC?

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Because gold isn't useful. Quite simple.

Other commodities like copper and nickel are 'mooning' because they're necessary industrial metals and the goldbug-predicted 'crash to end all crashes' hasn't eventuated.

The opposite has happened, and some pundits are predicting a massive boom ahead once the virus is under control.
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