Gold started its rally since 2000. Whereas inflation and interest rates remain low since 2000. Reason for the "Borrowed Time"? Because easy money policy was needed to create: 1) An increase in money supply 2) By lowering its interest rates Purpose for easy money policy? 3 major events after 2000: 1) Middle East War 2) Subprime crisis 3) Covid-19 rescue...
COMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ) Gold prices surged Friday as a wave of banking crises shook global financial markets. Spot gold climbed 3.1% to $1,977.89 per ounce, its highest level since April 2022. Gold price is now within $100 of its all-time high of $2,074.88. In the futures market, the nearby April contract of COMEX gold futures settled at...
BTC has gained over $ 7,000 since the start of banking crisis proving to be a safe heaven asset in the times of distress. Gold on the other hand has gained over $ 100.
2020 was a hard time for everyone because of Corona , but one of the biggest shock of stock market was Wirecard scandal. I believe even after all this chaos around Wirecard, it would rise again in future. Of course the time could not be predicted. Wirecard was a BlueChip stock, they have billions of Euro worth business running still now. The share fell down...