Gold is not rallying with the war headlines, and that’s a good thing
Silly MSM, at it again. Taking your eyeballs for granted and trying to harvest them.
Why gold hasn’t moved since the Iran conflict — and where it could go next
To boot, they want to tell you where it could go next, because, you know, they’ve been so accurate in guiding you to this point. That’s leaving aside the main point I’ve pounded the table on for over 20 years:
Gold is not about price, it is about value.
The value being in the stability it provides in a financial system long-since gone berserk. That applies whether the gold price is being marked up or down. Gold was the same before it took out the bull gateway in 2019 * as it is today. It is a protector, a saver, an insurer of relative well-being.
* The “bull gateway” being the long-watched trigger for the next leg of the secular bull market, which activated that year and NFTRH managed and advised about in real time.
Okay, I’ll get a little corny here.
“[It’s] a silent guardian, a watchful protector. A Dark Knight.”
So the MSM article linked above wants to tell you where the gold price could go next. Here’s the thing; when speaking of gold exclusively (not silver, not the miners), it does not matter “where it will go next”. That is stuff for casino patrons.
The premise of the article is the price of gold in light of the Iran war, or conflict or whatever the hell it is. It provides a host of rationale – useless rationale in my opinion – as to why gold is weak amid war. But if you’re even considering viewing gold in that context you should stop that shit right now and realize it’s a long-term value thing, not a war thing (nor a pestilence or terror thing).
The only terror gold should be used for over the long-term is the financial terror inflicted upon us by the Fed and whatever government happens to be in power at any given time.
If the gold price were rallying hard right now against a backdrop of bombs dropping and crude oil ramping, its “price” would be an extreme sell. Its value would remain the same, but in the casino of prices that would be a sell signal because it would mean that more knee-jerks were stampeding into the gold market out of emotion and the hype of events driving that emotion.
That is not happening, so as I’ve been saying since 2002, “gold is fine”. Worry about other things if you will. But in my opinion the gold price should not be one of those things.
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