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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: Maurice Winn who wrote (156769)4/20/2020 10:30:24 AM
From: Follies1 Recommendation

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Secret_Agent_Man

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As you know, gold is made from oil, so the price of oil precedes the price of gold
Gold can’t be made when mines are closed, but more importantly mines only produce a marginal amount of gold. The price of gold is determined by the demand on the existing above ground mined and refined gold. That demand today is based on the need to find an alternative to fiat. As faith in fiat drops, demand increases. That’s where we are today, but that can change so we watch and wait.
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