More importantly, despite Gold’s usual early-conflict slide, should warring events significantly worsen and/or widen, the yellow metal can swiftly — even if only “momentarily” — ascend into uncharted territory.
The BIS' gold swaps are the strongest contemporary proof of regular interventions in the gold market by central banks, interventions for which the BIS long has provided camouflage, even as many central bank members of the bank seem to have defected from Western gold price suppression policy in recent years.
Technical stock chart updates on $WTIC, $GDXJ, $FCG and more
But while a gold ETF is a convenient way to play the price of gold on the market, you don’t possess any gold. You have paper. And you don’t know for sure that the fund has all the gold either...
I think we’ll get more clarity on how AI will affect jobs, businesses and the economy. Long story short, it will be generally positive but not for everyone, at least in the near term.
