I bought an oz of gold in 2022. It went up ~$1000 CAD or 30% since then but I gotta HODL until maturity which is about 5 to 20 years. It should go up 200% but ideally 800%. Remember, the US dollar has lost 98% of its value since 1971. That's bullish for gold. Forget all these people saying gold goes down with lower interest rates. It goes up during both interest hikes and drops. Gold is limited and therefore becomes more valuable as the market saturates. Humanity will mine all the profitable gold in less than 100 years.
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I bought an oz of gold in 2022. It went up ~$1000 CAD or 30% since then but I gotta HODL until maturity which is about 5 to 20 years. It should go up 200% but ideally 800%.
Remember, the US dollar has lost 98% of its value since 1971. That's bullish for gold. Forget all these people saying gold goes down with lower interest rates. It goes up during both interest hikes and drops. Gold is limited and therefore becomes more valuable as the market saturates. Humanity will mine all the profitable gold in less than 100 years.
Is gold strong ? Or is the dollar weak?
I think he forgot to mention US 7% gov deficit and the unsustainable debt that will inevitably end up in currency debasement
Gold to peak in August this year
Expect downfall towards 1810.402
No shot. I expect the opposite as soon as rates cut. Gold will be 3200 in a years time
Gold Bullions Stacking policy 😁 Must