by Philip Jones on Philip Jones
View my bio on Blurt.media: https://blurt.media/c/philip.jones
Not to scare but this you need to know. Many people saw it but most ignored it.
In the last 12 months:
Gold prices set several record highs (ATH)
While stocks Bitcoin and the US dollar actually weakened Historically these conditions have often been red flags.
1980
Gold Printing ATH
Positive sentiment
The economy looks to grow
After that gold prices plummeted 40-45% Many late buyers immediately lose big.
2011
Gold at ATH about $1,920
The Fed prints money
US debt swells
Many believe the dollar will collapse
The result is the same: gold is down 40-45% And that was just the beginning of the decline.
2020
Gold is back in ATH
People waiting for the COVID crisis
20-25% correction:
Old price stagnant
There is no momentum Many lost time and opportunity.
Current condition
Take a look at the current situation:
Many people are afraid of crisis.
Import tariffs & trade wars
U.S. debt at the highest level
Dollar weakens
Funds flow into gold because it is considered "safe"
The pattern is similar to the period before the previous major correction.
Bottom line When too much money goes into gold for fear of crisis It often appears a major correction.
History has proven it several times.
