Gold being up means gold is up, not necessarilly that the dollar is down. Unless one considers that other currencies are also down. I bought gold at @$1800 and change when it appeared that Brics nations might be buyers. I'm not unhappy about that. Be aware that the supply and demand curve can and will readjust as marginally profitable mines that had closed when gold was $900 an ounce will be opening and producing. Not sure of that timeframe, but watch out and keep an eye on production if you are jumping into gold now.
Came across this on twitter. Thought it was spot on
Gold is about to break through $3500. In early 2022 it was barely $2000. Consider what that means. From early 2022 to April, 2025, the dollar has lost roughly 43% of its purchasing power. This is why groceries seem so expensive. And health insurance. Or home insurance. And Trump is just getting started. The grand plan of total economic destruction of the dollar and the U.S. economy is barely under way. Gold is on track to potentially hit $5,000 this year or early 2026, which means the dollar will have lost 60% of its purchasing power in a little under four years. By 2028, the dollar might be worth 5% of its 2022 value, at this pace. Translation? Mass impoverishment of the American people. Trump's plan seems to be to crash the economy and the dollar, force the Fed to lower interest rates, and then refinance the $37 trillion in national debt with preferential interest rates. But to get there, he has to cause an economic implosion that will thrust millions of Americans into poverty and homelessness. We are all being fed into the economic wood chipper so that Trump can refinance U.S. debt. Is it worth it? Revisit that question in July and see what you think then.
[ + ] Reawakened
[ - ] Reawakened 1 point 1 weekApr 22, 2025 15:00:27 ago (+1/-0)
[ + ] beece
[ - ] beece 0 points 1 weekApr 22, 2025 14:34:26 ago (+0/-0)*
[ + ] Niggly_Puff
[ - ] Niggly_Puff 0 points 1 weekApr 22, 2025 14:23:52 ago (+0/-0)