Gold Goes From Commodity Leader to Laggard in Shocking Reversal

Discussion in 'Finance' started by wgabrie, Feb 18, 2021.

  1. wgabrie

    wgabrie Well-Known Member Donor

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    Gold Goes From Commodity Leader to Laggard in Shocking Reversal (msn.com)
    Oh, no the price of gold went down!! It looks like this is the end. Buying gold isn't the answer to the question of how we should invest.

    ... ok it was a minor drop, but it looks like the markets have a weak spot.
     
  2. Tejas

    Tejas Banned

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    .

    The most I have paid for a one ounce gold eagle is $400.

    I was tempted to sell a few at $2000... but my small stash is reserved for a Weimar type end of the world as we know it.
     
  3. wgabrie

    wgabrie Well-Known Member Donor

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    Why do I suddenly have an image in my mind of people being dead from a disaster with gold coins sitting in their lap?
     
  4. L_Ron_Paul

    L_Ron_Paul Member

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    The price of gold is typically inversely correlated with the 10y treasury yield in the short-term, which is going up right now.
     

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