Gold's Role in Portfolio Stabilization

Two thousand and 21 wad was extremely disappointing for gold, especial as we saw this dhis major move in inflation. In your terms, which counts for for us over here, thanks to madame lagarde, gold was up three point six %. So it wasn't actually that bad. And i think most importantly, perhaps from the flow side, we saw that institutional players, and i regard et f floes as as a gauge for u. Institutional floes, you know, they couldn't care less about gold.