In an interview with Bloomberg, Naguib Sawiris, Egypt's second richest man said he expects gold to rally above $1,800 per oz. as “overvalued” stock markets crash. Sawiris has put his money where his mouth is by putting half of his $5.7 billion into gold.
And gold still went down 😬
... That's because these criminals in control, still have the ability to control the (paper) price of Gold. But not for much longer. The more people become aware, the harder it is for them to deceive and manipulate.
Naguib Sawiris is a Smart cat. He knows we are in a fiat currency world.
The destruction of Fiat 'money' is baked into the cake. Economic laws can be stretched but never broken.
Economic Mother nature will have her revenge!