Many people like to point out that gold is related to some crisises.
fact= it isnt
ppl like to say if stocks go down gold goes up
fact= thats not true
ppl think gold will become more expensive
fact= it for sure will not
true facts: gold isnt related to stock prices it isnt related to crisis, it isnt even related to some sort of economy (to am minimum extend yes but no not really)
why? look, this graph tells you a inflation cleaned gold price.
Gold was in World war 1 and World war 2 and in the great depressen worth less then it is today. so crisises dont influence gold as “save harbour”.
gold is a pure greed and fear market and has not much logic behind it except rumors people tell and other follows.
one thing is sure, you will not loose shorting gold in the long run the next few year, you will for sure loose going long on gold the next few years.
time will tell