Re: Is now a good time to buy Gold?

Quote from: Abiky on January 23, 2025, 12:54:43 AM

Quote from: EarnOnVictor on January 22, 2025, 04:22:14 PM

Gold has been impressive even without the war in the Middle East. If the war was indeed the factor causing it to rise, the ceasefire treaty would have knocked it down, but the reverse is the case. Yesterday alone, Gold moved almost 500 pips upward. That's crazy!

Well, stubborn inflation is still a problem. It's one of the main catalysts of Gold's upsurge in market prices. Besides, the conflict between Ukraine and Russia isn't over yet. As long as there are wars, don't expect demand for the "yellow metal" to ease anytime soon.

People often say that Gold moves higher due to inflation, which I believe, but a little, because it can't be major because of inflation if we think it through. There were many months in 2022 when inflation was most biting, yet Gold sold. Now, the inflation figures have significantly reduced globally, yet Gold is skyrocketing. I believe it's generally about the fear of uncertainty across the globe. Trump is not even helping the matter.

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I'm sure an ounce of Gold will be worth $5k in the future.
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I'm so certain of the ounce of Gold to be $5,000 in the future and that may happen in a decade and a few years.