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How To Become An All Weather Trader With Tom Basso | 076
The Day Trading Show
The Inherent Value of Gold
Last time we spoke gold was still around 2000. How is this not a $5,000 $4,000 price? Well gold is like a lot of things. It trades at whatever people want to trade it at. There's no inherent value of $2,005 worth of one ounce of gold. So you you end up with these markets that are pure speculative. And so I think the answer ultimately is if people are not concerned about inflation yet or if they're not panicked into something and thinking that gold is the answer because gold may or may not be the answer.
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