Unhedged The gold rally
4 snips
Aug 27, 2024 Gold prices have soared to a record high, igniting debates about its role as a safe haven amid inflation and political uncertainty. The fascination with gold reflects a deeper distrust in government and central banks, especially in turbulent economic times. Unique demand dynamics from countries like China and India add to its allure. Additionally, the podcast draws intriguing parallels between gold and Bitcoin, scrutinizing their shared reliance on belief for value. Market predictions also delve into NVIDIA's future amidst this backdrop of volatility.
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Gold: Pet Rock or Store of Value?
- Gold is a controversial investment, sparking debate between those who see it as a store of value and those who consider it a useless pet rock.
- Its price recently hit a record high, prompting discussion about its true worth.
Gold's Appeal to Distrustful Investors
- Gold attracts distrustful investors wary of government and central bank manipulation.
- Its fixed supply and historical use make it appealing during times of economic uncertainty.
Gold's Performance During Crises
- Gold's value as a currency is unreliable, as demonstrated by its flat performance between 2011 and 2018.
- However, during crises like 2001, 2008, and the start of COVID, gold has held its value or appreciated.