/biz/ - Business & Finance

>>51014982
>This is just demonstrably false. Pull up the gold chart and go back twenty years. And don't let recency bias fuck you in the ass, it will keep up in the future as well even if the last few years haven't been very good for gold
Correct me if I'm wrong but I disagree with the recency bias part. It looks like gold started trading upwards since 2018. I was still at uni and far away from the markets but there were headlines about the stock market selloff. Couldn't that support your "faith in the financial system began to wobble" assertion?
>Here's where location starts to matter. Gold is forming a bullish uptrend in almost every other currency than USD. Of course, holding USD instead of your local shithole currency is also an excellent idea but gold is a viable option in that regard as well.
good point