The biggest driver for gold going up is US debt, as suddenly people doesn't see USD is as a stable value holder anymore 🤔
The most discussed strategy for US to get rid off the debt is try to devalue the USD and selling gold to paid it off, but this is risky since US will lose the gold to back the dollar value 🙄
The other way they are trying to do is, powering through the debt by gaining revenue anyway they can and cut down expense(since DOGE did not go well so don't think this part going smoothly), then slowly paid off the debt. But the odds is against this since somehow they racked up 10T of debt within 5 years, but still, it is still the largest economy in the world and currently heavily invested 👀
A lot of talk about the monetary order changes but lets look at the replacement as a stable value holder. Gold is not it, as the way we look at how the prices change right now and people will soon reminded about its illiquidity. Chinese Yuan is another suggestion, but then again, countries will need to think twice to put value under authoritarian government with currency manipulation pattern 👀
Overall, there are 2 elements which will affect on gold, is US debt is going well, if not, gold will continue to raise 👀
The other element is war, since gold will be the most kept value holder then but this is quite unlikely, since any war initiated they kinda need to consider the very good chance of getting beat up by the US 🧐
It is a hard task to resolving the debt but the reward will be worth it, as the top stable value holder usage will multi fold as currency stable coin is going to increase currency reach to a level of nowhere before 👀
🚸 Warning 🚸 I do not provide financial advice 🔞The intent of this content is for you to be aware of market conditions before starting to invest 👌Thank you for reading 👌
