From what I've read, gold was being bought as trust in the dollar was falling and also as a hedge against inflation. I haven't seen anything in the world recently that convinces me that inflation is going down and that trust in the US govt is recovering.
So I am confused as to why the precious metals have sold off so aggressively. I see there's a private credit problem going on too, wonder if they're related and part of the sell off is due to investors being forced to sell what they can (gold) as opposed to what they want to sell (private credit investments)
From what I've read, gold was being bought as trust in the dollar was falling and also as a hedge against inflation. I haven't seen anything in the world recently that convinces me that inflation is going down and that trust in the US govt is recovering.
So I am confused as to why the precious metals have sold off so aggressively. I see there's a private credit problem going on too, wonder if they're related and part of the sell off is due to investors being forced to sell what they can (gold) as opposed to what they want to sell (private credit investments)
Edited by me from "Gold Eyes Worst Month Against Oil Since 1973; Mining Stocks Slump Most Since 2008"