6Mon
Thanks for the report!
Has anything been said about the reaction of institutional investors to the recent developments in the gold market?
Has anything been said about the reaction of institutional investors to the recent developments in the gold market?
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@Epi As I understand it, it was said that the emerging markets are buying gold at whatever price.
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6Mon
@Therapeut I actually meant the Western institutional investors. You can see from the asset distributions that if they divert just 1-2% of equity and bond capital into gold, the price will double in purely mathematical terms. The West is simply heavily ideologized by financial market science, which has nothing to do with gold. But that can change. That's why I'm asking.
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•@Epi It was said that commodities are generally niche products and often lack incentive.
One example was Bitcoin, which nobody wanted and then became interesting thanks to the ETF, so that many followed suit and had to invest.
One example was Bitcoin, which nobody wanted and then became interesting thanks to the ETF, so that many followed suit and had to invest.
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6Mon
@Therapeut Now that's interesting information! The world lives from raw materials, many of which are slowly running out or are becoming increasingly difficult to extract. Isn't the laconic statement "niche product" a wildly flashing alarm light for the start of a new super cycle? I mean, that's exactly what was said about Bitcoin in 2015/16. 🤔
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•@Epi Yes, they also talked about the possibility of a super cycle now📈
They also said that they would assume a gold backed currency in the future, but that could take decades
They also said that they would assume a gold backed currency in the future, but that could take decades
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