The biggest downside to weak and chaotic financial markets is that makes other assets more appealing. The go-to for most is either US Treasury bonds or gold. Considering how inept the current administration is, it's no surprise that most have flocked to gold
As people flock to gold, the price climbs rapidly. While that's great because the gold I have has significantly appreciated in value, it's bad because I can't buy as much as I did. Sadly, my metals budget did not keep in step with the increase in gold price.
Before the huge increase in gold, I was buying about 1/10oz per month. With spot price now at just under $2400/oz, I'll have to reduce that. I'm guessing I'll probably end up buying a 2-2.5 gram bar each month instead. While I'm not happy with having to reduce how much gold I buy, sacrifices have to be made. I'm sure once things calm down, the price of gold will come back down. Until then, I keep buying what I can, when I can.
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