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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST
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To: TobagoJack who wrote (211330)2/14/2025 3:16:24 PM
From: carranza2  Read Replies (1) of 219926
 
I know I should know

I agree, you should.

But an obsession with one asset leads to tunnel vision.

My take, for all it is worth:

1. Gold has been for decades the most manipulated asset besides oil;

2. There is tremendous competition from Bitcoin, which as far as I can tell is used primarily as a store of value. It has long ago surpassed the "it will fail because I don't understand it" argument. And it is so much easier than gold to deal with. If it is to be manipulated, it seems to be in the up direction, not down. We'll see.

3. Those damned American tech stocks are providing very gratifying (and I do mean gratifying) returns. Why absorb opportunity costs in order to be in an asset that does nothing over the years but disappoint when compared to other asset classes? Seems irrational to me. Fortunately, I became rational.

Your mileage may vary.
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