| | | Pride has a way of killing you since it narrows your vision and closes your perspective. I don't think Mr. Trump understands. But Gold understands and it's dragging the Miners up with it.
Gold understands what Trump doesn’t? Or understands that Trump’s pride is a disaster in the making?
Ok.
I’m very sorry but I disagree with the notion that anyone can compare gold’s ‘understanding’ with Trump’s pride.
First, it is the height of folly to suggest that anyone understands what Trump understands. Or that his pride can predict the POG. Or that it drives his actions. Even Trump himself may have no idea. And this is not unusual because very few of us know what we really know. I have no idea what I understand because I equate understanding with knowledge, and at the end of the day i know very little and understand less.
We simply make decisions that are essentially opinions, guesses. They reflect our bias, our nose for making correct guesses, our experience and expertise, etc. The better that our opinions reflect the future, the better we feel our understanding might be. But because life is so random, understanding (including gold's) is always imperfect.
What gold understands is its price, and price is simply the end of the day balance of millions of opinions concerning its value. There is absolutely nothing mystical about it. Sure, it does well in troubled and inflationary times, but that's about it. Gold assuredly is not an index for Trump’s pride, nor its consequences. Perhaps to some degree, but definitely not entirely. Overbought stock markets, interest rates, cyclical issues, etc., etc., ad infinitum, have lots more to do with the POG than Trump’s pride.
So, no, gold understands nothing. Its price is simply a consensus reached via millions of transactions concerning its value, with each transaction reflecting distinct opinions, some linked to Trump but many not. To say that the price of gold accurately predicts the future is folly. And I should know- until recently, I've been dead wrong concerning its merits. |
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