Most people fixated on the red-hot U.S. stock market last year. Gold was better. The yellow metal edged out U.S. stocks to rank first among traditional asset classes.
While the past couple of months have been frustrating for gold bulls—myself included—I firmly believe that our patience will be richly rewarded once gold climbs to $3,000 and much higher.
Once purified, the gold goes through a sequence of heating and cooling cycles (annealing) to make the metal more malleable. It is then hand-formed into jewelry at the mint.
Central banks around the world have bought thousands of tons of gold after the U.S. and allies froze Russian dollar assets and locked Russia out of the SWIFT payment system.
Rules now have the potential to be overturned and the bureaucracies enforcing those rules have the potential to be removed, under the assumptions DOGE make.
When gold outperforms silver, especially if both metals are declining in price and the US dollar is rising, the indication is anti-liquidity for the markets.
