Gold is THE Proof-of-Work stable coin YTD
I hope it at least continues to be so and not sold-down below the red line on this planet full of red lines
Everything is not-fine, except food and energy, and that kind of fine is not good for us
We are DUOUGUFUGSEED (Dollar Up, Oil Up, Gas Up, Food Up, Gold Stable, Everything Else (Crypto, Nasdaq, whatever) Down)
We prefer, given a choice, GUEED.
The collective market mob might be pondering:
(i) Central banks led by the FED will not backoff against baked-in inflation that can only be countered by still-more-enhanced / ‘controlled’ demand demolition by war against money
(ii-a) Ukraine War, an extension of WWII and lead-in to WWIII, continues, and
(ii-b) … continues to be treated and pitched as a war that has a ‘more-war / win-lose’ solution but just requires sacrifices made no longer voluntary
(iii) More officialdoms of already quite divided domains stand for regime-changing elections driven largely by the narratives pitched by media looking for action and baiting for tasks
(iv) EU natural gas inventory continues to drain and only to be replaceable by way of ruble / gold
(v) Extent of food shortages becoming ‘hoard-toilet-paper’ dire-clear as opposed to just theoretical / down-the-road around-the-corner over-the-hill by dense competing fertiliser / harvest guesstimates
(vi) Winter appears to be remain on schedule
(vii) Was reminded Message 33895199 re Covid (duh) and Message 33895202 re Climate (doh)
If the market’s obvious-guessing is right, the bottom is not in.
Should the market’s unrealistic-guessing be wrong, the bottom is not in.
However, I prefer to be saved by gold that goes up, all considered, rather than a gold that does not go down (as much).
finance.yahoo.com
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