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RE: David Stockman Warns "Gold Is The Only Safe Asset Left"

in #gold7 years ago

@luminousflux yes the market for gold has actually been in a long term correction from the last bull run since 2011. It went from roughly $300 to $1800 over a more than 10 year up move. The move since 2011 has been trending lower but seems to be losing steam now. I think it is a good entry point from a long term perspective but comparing it to crypto is certainly not easy. And yes I agree that the mindset behind them both is to be free from fiat.