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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?


To: sixty2nds who wrote (9192)11/6/2024 12:50:23 PM
From: Sun Tzu  Respond to of 10713
 
There are many reasons to buy gold, but all of them boil down to lack of trust in the fiat currency.

One of the main drivers for gold has been accumulation by other central banks as they fear that using USD as reserve may not be a long term viable option.

This is part of my ticktock clock for the USD.

That said, the dollar is surging today. So there will be smaller near term impetus to move out of USD and into gold.