uh huh.....so....um, how else do we measure it's value in real world terms?
if the value of RE is opinion and the value of currency is again, opinion, then it leads to the value of gold is just...opinion?
no it was really undervalued when it touched under $800. honestly, undervalued.
i'd say it's still a fair price. gold's a good indicator of what's to come, above $1200 is still exxy but it signals a few more rate rises.
much like the 200DMA RBA chart in bull trends.
well, that's a self fulfilling prophecy, isn't it?
i mean, E drops, not so attractive to buy, so the P drops to match market. previously dropped E now looks good, people buy, P goes up, drags E with it.
not playing, buy and hold.
and no, not holding in the physical sense - just exposure to miners.
just looking at the ramp up in Li_Ion battery usage worldwide.