Looks like Gold prices are finally starting to feel the upward push of inflationary policy. I think our BTC rise so far this month has been more of a self fulfilling prophecy situation. Price going up because everyone is expecting it to go up Oct. through Dec. But now Gold is showing the natural effects of money printer go brrr and we'll start to see BTC accelerate in its uppity climb.
Anyone buying "gold" without holding shiny metal in their grubby paws is in for a shock when they open the vaults.
Completely agree, which is why the small amounts of gold & Silver I have bought are safely locked up in my bug-out bag that is meant to allow me to get out of the city so that I can sustain myself off the woodlands and streams if OMFG Shit Hit's the Fan moment ever happens. For me it is meant to be a currency in a situation where currencies generally have no value. Not an investment, rather a survival tool.
BUT... There are still a lot of people that trade PM's as an inflation hedge, so I still consider it a good indicator for market psychology.
(BTW Welcome Back $57k!)