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Raging Bullion: Is Gold a Good Investment?
Many Happy Returns
Is Your Model Predictive?
Gold is undervalued by around 6%. So it's pretty close to its fair value. How does your model look historically? Is it quite predictive? This isn't a predictive model. It just tells you whether the price is currently in line with its fundamentals. There was a massive divergence, and that was from around 2021 to 2022. At that point, remember, the dollar strengthened massively as the Federal Reserve was raising interest rates faster than everyone else. The fundamental price got much higher than the real price of gold.
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