Short ETFs
Why the heck is even GOLD going down?!
- Thread starter SoyUnGanador
- Start date
The gold market is one corner of the market where things are especially not always as they appear to be. The main bullion banks like JPM have an extraordinarily large impact, and central banks.
The relative "strength" of the dollar is a major key, note the quote marks. Real interest rates on the 10 year US treasury note tend to be directly correlated, at least over the medium term. For now at least.
There are those like Rickards and others with connections who believe gold is destined to become a key part of a new monetary system after an implosioin. We will see... in any case, it is always instructive to look at gold's price in various other currencies, note in the chart below how different the gold price looks when priced in Yen. It has held up pretty well. Look at both the one and five year charts:
https://www.usagold.com/gold-charts-in-various-currencies-and-timelines/
The relative "strength" of the dollar is a major key, note the quote marks. Real interest rates on the 10 year US treasury note tend to be directly correlated, at least over the medium term. For now at least.
There are those like Rickards and others with connections who believe gold is destined to become a key part of a new monetary system after an implosioin. We will see... in any case, it is always instructive to look at gold's price in various other currencies, note in the chart below how different the gold price looks when priced in Yen. It has held up pretty well. Look at both the one and five year charts:
https://www.usagold.com/gold-charts-in-various-currencies-and-timelines/
If your life was transacted in those currencies, there is NOTHING cherry-picked about it!
You do realize physical gold/silver and gold/silver futures are totally different ballgames?
Not AFAIK unless you deposit physical into a futures account. Now why would you want to do that?
The correct answer is no, congratulations!!
As a retail piker, my holdings do not meet deliverable requirements.
But futures and/or options do allow, at a minimum, to indirectly "protect" physical holdings from adverse movement.
Don't be a schmuck.