Agree.
Gold certainly doesnt look like a safe haven after a 24% plunge in less than 2 months, even more worrisome is the fact that the S&P 500 remained flat during that period. Therefore, is it really fair to analyze any correlation over such a short period? Does that sharp movement in price invalidate golds resilience during market uncertainties?
Was the public not paying attention that both Gold and Bitcoin have been running up the last few years since they both bottomed? Gold especially never starts a new bull run unless the "insiders" know what is coming down the pipe. They are always ahead of the public by a few years. By the time a market crash comes, Gold has already moved up from it's bottom by at least 25-30%.
Then after a crash is fully over, deflationary assets will take off to try and outrun inflation (or perhaps, because of it). Every. Single. Fkn. Time. Fueled by the Fed's trillions in free money, of course.
Remind me in 10 years, here are my conservative predictions:
By 2030 -
Stock market at another ATH
Gold above $2800/ounce
Bitcoin above $80K
Average new car $30K+
Average 1500 sq.ft. new house $350K+
Oil price? Who the fk knows, the world is swimming in it.