Hi all
To give you some confidence in Gold
Take a look at the Chinese housing market and what’s happening to “evergrande” right now and also understand where global valuations are at relative to affordability and yields on investment .. to add there is a serious inflation problem around the world…. And to top it off the US is about to default for the first time ever on its repayments on $28 trillion.
If the US defaults gold wins
If inflation gets out of control and interest rates rise gold wins
If by the cause of rising interest rates markets heavily crash gold wins
When crypto crashes gold wins
The planets are aligning for a major correction and gold is just sitting there as it has for 1000s of years ready again to be taken back as the best store of value.
or maybe I should borrow money from the bank to buy crypto (Worthless asset) …it could be a better investment lol….
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